AMI Semiconductor Issues Millions in Bank Notes.Business Editors POCATELLO, Idaho--(BUSINESS WIRE)--Jan. 29, 2003 AMI Semiconductor AMI Semiconductor is a company engaged the design and manufacture of customer specific integrated circuit solutions, including solutions for the automotive, medical and industrial markets. Among its products are products that integrate processing of analog and digital signals. (AMIS A·mis , Kingsley 1922-1995. British writer best known for his novels, including Lucky Jim (1954) and Jake's Thing (1978). ) announced today that it has issued $200 million of 10.75 percent senior subordinated notes maturing on February 1, 2013. The notes were issued in a private placement and are expected to be resold by the initial purchasers to qualified institutional buyers under Rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. of the Securities Act of 1933, as amended, and outside the United States pursuant to Regulation S under the Securities Act. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the issuance will be used to redeem in full the company's Series C preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and repay a portion of the company's senior term loan. The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release shall not constitute an offer to sell or a solicitation of an offer to buy such notes. About AMI Semiconductor AMI Semiconductor (AMIS) is a world leader in the design and manufacture of application-specific integrated circuits (ASICs). As a widely recognized innovator in state-of-the-art mixed-signal technologies and mid-range digital ASICs including ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. conversion services, AMIS is committed to providing customers with the lowest cost, quickest time-to-market ASIC solutions. Offering unparalleled manufacturing flexibility and dedication to customer service, AMI Semiconductor operates globally with headquarters in Pocatello, Idaho, European corporate offices in Oudenaarde, Belgium, and a network of sales and design centers located in the key markets of the United States, Europe and the Asia Pacific region. For more information, please visit the AMIS Web site at http://www.amis.com. |
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