Amkor talks $300 million 10-year notes at 9¼%-9 3/8%, pricing Thursday

By Paul A. Harris

St. Louis, May 10 - Amkor Technology Inc. talked its $300 million offering of 10-year senior notes (Caa1/CCC+) at a yield of 9¼% to 9 3/8% on Wednesday, according to a market source.

The offering is expected to price on Thursday.

Citigroup has the books for the off-the-shelf offering.

The notes will come with five years of call protection.

Proceeds will be used to help fund a tender for up to $271 million of the company's 9¼% senior notes due 2008.

The company also plans to sell $150 million of convertible senior subordinated notes due 2011.

Amkor Technology is a Chandler, Ariz., provider of semiconductor packaging and test services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.