Amkor buys back $74 million of senior notes during third quarter

New York, Oct. 27 - Amkor Technology, Inc. repurchased a total of $74 million of its senior notes during the third quarter.

The company said it bought back $25 million of its 7 1/8% senior notes due 2011 and $49 million of its 7¾% senior notes due 2013.

During the three months, Amkor generated $81 million of free cash flow and it ended the period with a cash balance of $447 million and total debt of $1.5 billion.

The company added that it has $85 million of debt coming due through the end of 2010 and the remaining $119 million of its 7 1/8% notes and its 2½% convertible notes mature in 2011.

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

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