Amkor Technology Announces Proposed Offerings of Senior Notes and Convertible Senior Subordinated Notes.CHANDLER, Ariz. -- Amkor Technology Amkor Technology, Inc. (NASDAQ: AMKR) is a high-tech semiconductor product manufacturer that includes Intel and IBM among its primary customers. Previously headquartered in West Chester, Pennsylvania, United States, Amkor recently announced that it will move to Chandler, , Inc. (Nasdaq: AMKR AMKR Amkor Technology )(the "Company") announced today that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of senior notes due 2016. The interest rate and other terms of the notes will be determined by negotiations between the Company and the underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. . On April 28, 2006, the Company commenced a tender offer for up to $200 million aggregate principal amount of its 9.25% senior notes due 2008. As of May 9, 2006, $349.4 million aggregate principal amount of the 9.25% senior notes have tendered notes in the tender offer. The Company expects to increase the tender offer cap to at least $271 million. The Company intends to use 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 offering of senior notes to purchase the 9.25% senior notes in the tender offer (including the payment of the tender premium, accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. and unpaid interest, the early tender payment and related fees and expenses). The tender offer is conditioned on completion of the senior notes offering. Concurrent with the proposed senior notes offering, the Company also intends to offer $150 million aggregate principal amount of convertible senior subordinated notes due 2011 (and expects to grant the underwriter of that offering an option to purchase up to an additional $22.5 million aggregate principal amount of such notes). The Company intends to use the net proceeds from the offering of convertible senior subordinated notes to redeem, repurchase or otherwise retire a portion of its 10.5% senior subordinated notes due 2009 (including the payment of any related premium, accrued and unpaid interest and related fees and expenses). The completion of the senior notes offering and the completion of the concurrent offering of convertible senior subordinated notes are conditioned on each other. Each offering is being made pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission on May 10, 2006 by means of a separate prospectus supplement. Citigroup Global Markets Inc. will act as sole book-running manager for each of the offerings. When available, prospectus supplements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed offerings may be obtained from: Citigroup Corporate and Investment Banking, Attn: Prospectus Department, Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, 8th Floor, Brooklyn, NY 11220, (718) 765-6732. This press release does not constitute an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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