Amkor Technology Announces Proposed Offering of Senior Notes due 2027 and Intention to Redeem Senior Notes due 2022
March 12 2019 - 7:25AM
Business Wire
Amkor Technology, Inc. (Nasdaq: AMKR) (the “Company”) today
announced that it intends to offer, subject to market and other
conditions, $525 million aggregate principal amount of senior notes
due 2027 (the “2027 Notes”) in a private placement to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and to certain non-U.S. persons outside the
United States pursuant to Regulation S under the Securities
Act.
We expect to use all of the net proceeds of the 2027 Notes
offering, together with cash on hand, to redeem in full the
$525 million aggregate principal amount of our outstanding
6.375% senior notes due 2022 (the “2022 Notes”) and to pay related
fees and expenses. Pending the use of the proceeds of this
offering, we intend to invest the proceeds in cash, cash
equivalents, investment grade securities or other short-term
marketable securities. The consummation of the offering of the 2027
Notes will not be conditioned on the redemption of the 2022
Notes.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy any of the 2027 Notes, nor shall
there be any offer, solicitation or sale in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful. This notice is being issued pursuant to and in accordance
with Rule 135c under the Securities Act.
This announcement does not constitute a notice of redemption of
the 2022 Notes.
The 2027 Notes have not been registered under the Securities Act
or any state securities laws and may not be offered or sold in the
United States absent registration or an applicable exemption from
such registration requirements.
Forward-Looking Statement Disclaimer
This announcement contains forward-looking statements within the
meaning of federal securities laws. All statements other than
statements of historical fact are considered forward-looking
statements including, without limitation, statements regarding the
proposed 2027 Notes offering and the terms and expected use of
proceeds thereof. These forward-looking statements involve a number
of risks, uncertainties, assumptions and other factors that could
affect future results and cause actual results and events to differ
materially from historical and expected results and those expressed
or implied in the forward-looking statements, including, but not
limited to, that there can be no assurance that (i) the 2027 Notes
will be sold in the amount or on the terms expected or at all or
(ii) the 2022 Notes will be redeemed in full or at all. Other
important risk factors that could affect the outcome of the events
set forth in these statements are discussed in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2018, and in
its subsequent filings with the Securities and Exchange Commission
made prior to or after the date hereof. The Company undertakes no
obligation to review or update any forward-looking statements to
reflect events or circumstances occurring after the date of this
announcement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190312005445/en/
Amkor Technology, Inc.Vincent KeenanVice President, Investor
Relations480-786-7594vincent.keenan@amkor.com
Amkor Technology (NASDAQ:AMKR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Amkor Technology (NASDAQ:AMKR)
Historical Stock Chart
From Sep 2023 to Sep 2024