Amkor Technology, Inc. (Nasdaq: AMKR) today announced that it has
entered into a new $100 million senior secured revolving credit
facility. The new credit facility, which matures in April 2013, amends
and restates Amkor’s prior $100 million facility that was scheduled to
expire in November 2009.
The facility provides Amkor with a revolving line of credit for working
capital, capital expenditures, repaying debt and other corporate
purposes with loans being made subject to availability under a borrowing
base of eligible accounts receivable. Revolving loans bear interest, at
Amkor’s option, at the base rate plus 2.0% or LIBOR plus 3.5% before
September 30, 2009, and thereafter at the base rate plus a spread of
2.0% to 2.5% or LIBOR plus 3.5% to 4.0%, depending on the average
availability under the borrowing base.
About Amkor
Amkor is a leading provider of semiconductor assembly and test services.
The company offers semiconductor companies and electronics OEMs a
complete set of microelectronics design and manufacturing services. More
information on Amkor is available from the company’s SEC filings and on
Amkor’s website: www.amkor.com.