Amkor Amends Bank Credit Agreement & Repays $125 Million in Debt
"With the cooperation of our banks and lenders, we believe we have crafted an amendment that will provide Amkor with the flexibility necessary to manage through the current industry downturn," said Ken Joyce, Amkor's Chief Financial Officer. "With approximately $200 million in cash after paying down $125 million of the term loan, together with an additional $100 million available under the revolver, we continue to have solid liquidity," said Joyce.
Amkor is the world's largest provider of contract microelectronics assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services, including deep sub-micron wafer fabrication; wafer probe, wafer mapping, characterization and reliability testing; IC packaging design and assembly; multi-chip module design and assembly; and final testing. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com.
CONTACT: Amkor Technology, Inc., Chandler Jeffrey Luth Vice President, Investor Relations 480/821-2408 ext. 5130 jluth@amkor.com URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
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