Amkor increased tenders for 9¼% notes to $360 million

New York, May 11 - Amkor Technology Inc. said it has increased the maximum size to $360 million from $200 million in its tender offer for its 9¼% senior notes due 2008.

There are currently $440.5 million of the notes outstanding.

As of the early tender deadline, holders had tendered $349.4 million of the notes.

Amkor announced the tender on April 28 and said it would expire at midnight ET on May 25.

Amkor will pay $1,055 per $1,000 principal amount of notes tendered, which includes an early tender payment of $20.00 per $1,000 principal amount of notes tendered by 5 p.m. ET on May 9.

Noteholders will also receive accrued interest up to but excluding the repurchase date.

Citigroup Corporate and Investment Banking (212 723-6106 or 800 558-3745) is dealer manager for the tender offer, and Global Bondholder Services Corp. (212 430-3774 for banks and brokers or 866 873-7700) is tender agent and information agent.

Consummation of the tender offer is conditioned upon receipt of sufficient financing to fund the repurchase and the satisfaction of other general conditions, according to the release.

Amkor Technology is a Chandler, Ariz.-based provider of contract semiconductor assembly and test services.

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