Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMKOR TECHNOLOGY, INC. | p18424e8vk.htm |
Exhibit 99.1
|
News Release | |
Amkor Technology to Redeem all $100 Million of its 6.25% Convertible
Subordinated Notes due 2013
Subordinated Notes due 2013
CHANDLER, Ariz. — December 24, 2010 — Amkor Technology, Inc. (Nasdaq: AMKR) today announced
that it will call for redemption all of the $100,000,000 aggregate principal amount outstanding of
its 6.25% Convertible Subordinated Notes due 2013. The redemption date of the Notes will be January
26, 2011.
As provided in the Indenture for the 2013 Notes, holders may convert their Notes into Amkor Common
Stock at any time prior to 5:00 p.m., Eastern Time, on January 25, 2011, at the conversion price of
$7.49 per share. To the extent that holders of the 2013 Notes do not convert their Notes into
Amkor Common Stock, the 2013 Notes will be redeemed for cash on January 26, 2011, at a redemption
price of 102.344% of the principal amount thereof, plus accrued and unpaid interest to, but
excluding, the redemption date. Any cash required for the redemption will be paid using cash on
hand. The 2013 Notes are held by Mr. James J. Kim, Amkor’s executive chairman of the board of
directors, and trusts for the benefit of certain Kim family members.
About Amkor
Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies
and electronics OEMs. More information on Amkor is available from the company’s SEC filings and on
Amkor’s website: www.amkor.com
Contacts
Amkor Technology, Inc., Chandler
Greg Johnson
Sr. Director, Corporate Communications
480-559-5454
greg.johnson@amkor.com
Greg Johnson
Sr. Director, Corporate Communications
480-559-5454
greg.johnson@amkor.com