Amkor files $750 million debt, stock, preferred, warrants shelf

New York, Jan. 24 - Amkor Technology, Inc. filed a shelf registration with the Securities and Exchange Commission for $750 million of common stock, preferred stock, debt securities, depositary shares, warrants and subscription rights. The securities may be structured as convertibles.

The Chandler, Ariz. provider of semiconductor assembly and test services said it filed the shelf to gain additional flexibility in accessing the capital markets to repay debt, for acquisitions and for general corporate purposes.

For the nine months to Sept. 30, 2001, Amkor's earnings were insufficient to cover fixed charges by $292 million compared to an earnings to fixed charge ratio of 2.4 times for all of 2000.

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