CHANDLER, Ariz., April 16, 2009 -- Amkor Technology, Inc. (Nasdaq: AMKR) today announced that it has entered into a new $100 million senior secured revolving credit facility. The new credit facility, which matures in April 2013, amends and restates Amkor’s prior $100 million facility that was scheduled to expire in November 2009.
The facility provides Amkor with a revolving line of credit for working capital, capital expenditures, repaying debt and other corporate purposes with loans being made subject to availability under a borrowing base of eligible accounts receivable. Revolving loans bear interest, at Amkor’s option, at the base rate plus 2.0% or LIBOR plus 3.5% before September 30, 2009, and thereafter at the base rate plus a spread of 2.0% to 2.5% or LIBOR plus 3.5% to 4.0%, depending on the average availability under the borrowing base.
Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company’s SEC filings and on Amkor’s website: www.amkor.com.
Amkor Technology, Inc., Chandler
Corporate Vice President & CFO
480-821-5000 ext. 5416