Kulicke repays 0.5% convertibles, buys back $3 million 1% convertibles

By Susanna Moon

Chicago, Dec. 1 - Kulicke and Soffa Industries, Inc. said it completed repaying the outstanding portion of its 0.5% convertible subordinated notes maturing Nov. 30, 2008.

There was $72.4 million of the 0.5% convertibles outstanding as of the beginning of the current quarter on Sept. 28.

The company repurchased $43 million of the convertibles in the current quarter and repaid the remaining $29.4 million at maturity.

Kulicke also said it repurchased $3 million principal amount of its 1% convertible subordinated notes due June 30, 2010 and may continue to repurchase the notes in the future.

As a result, the company's total debt outstanding is $172 million, with $62 million maturing on June 30, 2010 and $110 million maturing on June 1, 2012.

Kulicke and Soffa, based in Willow Grove, Pa., is a supplier of semiconductor wire bonding assembly equipment.

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