Amkor Technology To Sell $250 Million In Convertible Subordinated Notes.Business Editors/Hi-Tech Writers WEST CHESTER, Pa.--(BUSINESS WIRE)--May 17, 2001 Amkor Technology, Inc. (Nasdaq:AMKR AMKR Amkor Technology ) announced the pricing of $250 million convertible subordinated debentures due 2006 through a private offering to qualified institutional investors qualified institutional investor An institutional investor that is permitted by the Securities and Exchange Commission to trade private placement securities without registering the securities with the SEC. . The debentures will accrue interest at 5.75% per annum Per annum Yearly. and have a conversion price of approximately $35. Amkor 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 issuance to repay a portion of the term loan outstanding under its secured credit facilities, and for general corporate purposes. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities. Any offers of the securities will be made by means of a private offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. . The securities to be offered are not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or available exemptions from such registration requirements. |
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