New Issue: AMI Semiconductor prices $200 million 10-year notes to yield 10¾%

By Paul A. Harris

St. Louis, Jan. 24 - AMI Semiconductor, Inc. priced $200 million senior subordinated notes due Feb. 1, 2013 (B3/B) at par on Friday to yield 10¾%, according to a syndicate source.

Credit Suisse First Boston was the bookrunner. Lehman Brothers and UBS Warburg were co-managers.

Proceeds from the Rule 144A deal will be used to refinance preferred stock and repay bank debt.

The issuer is a Pocatello, Ida.-based designer and manufacturer of application-specific integrated circuits.

Issuer:	AMI Semiconductor, Inc.
Amount:	$200 million
Maturity:	Feb. 1, 2013
Security description:	Senior subordinated notes
Bookrunner:	Credit Suisse First Boston
Co-managers:	Lehman Brothers, UBS Warburg
Coupon:	10¾%
Price:	Par
Yield:	10¾%
Spread:	687 basis points over 4% Treasury due November 2012
Call features:	Callable on Feb. 1, 2008 at 105.375, 103.583, 101.792, par on Feb. 1, 2011 and thereafter
Equity clawback:	Until Feb. 1, 2006 at 110.75% for up to 35%
Settlement date:	Jan. 29, 2003 (T+3)
Ratings:	Moody's: B3
	Standard & Poor's: B
Rule 144A Cusip:	001720AA9
Price talk:	10½%-10¾%

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