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Prospect News home > News index > List of issuers M > Headlines for MagnaChip Semiconductor LLC > News item
Published on 12/16/2008 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

MagnaChip amends loan, waiving defaults

By Sara Rosenberg

New York, Dec. 16 - MagnaChip Semiconductor LLC amended its credit facility, waiving any defaults until Dec. 19, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

In addition, the lenders have agreed, under certain circumstances, to continue making credit extensions to the company.

The amendment was completed on Dec. 10.

UBS is the administrative agent on the deal.

MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products.


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