CHANDLER, Ariz.---July 7, 2006--Amkor Technology, Inc. (NASDAQ GSM: AMKR) announced today that on June 30 it completed the redemption of $178,118,000 aggregate principal amount of its $200 million in 10.5% Senior Subordinated Notes due 2009 (the "Notes"). The Notes were redeemed at a price of $1,017.50 per $1,000 of principal amount, plus accrued and unpaid interest of approximately $17.21 per $1,000 principal amount, for a total redemption price of approximately $1,034.71 per $1,000 principal amount of Notes.
In connection with the redemption of these notes, Amkor expects to record a charge, with no tax effect, of approximately $5.4 million, or $0.03 per diluted share, in the second quarter of 2006.
Amkor is a leading provider of advanced semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com.
Forward Looking Statement Disclaimer
This press release contains the following forward-looking statement within the meaning of federal securities laws: in connection with the redemption of the above notes, we expect to record a charge, with no tax effect, of approximately $5.4 million, or $0.03 per diluted share, in the second quarter of 2006. This forward-looking statement is subject to risks and uncertainties including, but not limited to, changes in accounting and tax regulations.
Further information on risk factors that could affect the outcome
of the events set forth in these statements and that could affect the
company's operating results and financial condition is detailed in the
company's filings with the Securities and Exchange Commission,
including Form 10-K for the year ended December 31, 2005, Form 10-Q
for the quarter ended March 31, 2006, and current reports on Form 8-K.
Amkor Technology, Inc., Chandler Jeffrey Luth, 480-821-5000, ext. 5130 VP Corporate Communications firstname.lastname@example.org