Science & Technology
Science and Technology
Science and Technology
Fri, January 21, 2011
Thu, January 20, 2011
Wed, January 19, 2011
Amkor Technology Completes Redemption of Its 6.25% Convertible Subordinated Notes Due 2013
CHANDLER, Ariz.--([ BUSINESS WIRE ])--Amkor Technology, Inc. (Nasdaq: AMKR) today announced that it has completed the previously reported redemption of all of the $100,000,000 aggregate principal amount outstanding of its 6.25% Convertible Subordinated Notes due 2013.
The Holders of all $100,000,000 of the outstanding 2013 Notes converted their Notes at the conversion price of $7.49 into an aggregate of 13,351,131 shares of Amkor Common Stock. As a result, none of the 2013 Notes remain outstanding. The 2013 Notes were held by Mr. James J. Kim, Amkora™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 ].
