Amkor Technology Completes Sale of $525 Million of its 6.625% Senior Notes due 2027 and Announces Notice of Full Redemption of its 6.375% Senior Notes due 2022
In addition, the Company today announced that it has issued a notice for
the redemption of all
The Company expects to use all of the net proceeds of the 2027 Notes
offering, together with cash on hand, to fund the redemption of the 2022
Notes and to pay related fees and expenses. Pending the use of the
proceeds of the 2027 Notes Offering, the Company intends to invest the
proceeds in cash, cash equivalents, investment grade securities or other
short-term marketable securities. The Company expects to record a
one-time charge in the second quarter of 2019 of approximately
A notice of redemption of the 2022 Notes is being sent to all currently
registered holders of the 2022 Notes by
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the 2027 Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
The 2027 Notes were offered to persons reasonably believed to be
qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and to
certain non-U.S. persons outside
Forward-Looking Statement Disclaimer
This announcement contains forward-looking statements within the meaning
of federal securities laws. All statements other than statements of
historical fact are considered forward-looking statements including,
without limitation, statements regarding the expected use of proceeds
from the offering, statements regarding the completion of the
redemption, the potential interest savings and the charge for early
extinguishment of debt. These forward-looking statements involve a
number of risks, uncertainties, assumptions and other factors that could
affect future results and cause actual results and events to differ
materially from historical and expected results and those expressed or
implied in the forward-looking statements, including, but not limited
to, that there can be no assurance that the redemption of the 2022 Notes
will be completed. Other important risk factors that could affect the
outcome of the events set forth in these statements are discussed in the
Company’s Annual Report on Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20190315005371/en/
Source:
Amkor Technology, Inc.
Vincent Keenan
Vice President, Investor
Relations
480-786-7594
vincent.keenan@amkor.com