Amkor buys $38 million of 7 1/8%, 7¾% senior notes in fourth quarter

By Devika Patel

Knoxville, Tenn., Feb. 10 - Amkor Technology, Inc. reported that it repurchased $23 million of its 7 1/8% senior notes due 2011 and $15 million of its 7¾% senior notes due 2013 in the fourth quarter.

During 2009, Amkor generated $88 million of free cash flow, and it ended the quarter with a cash balance of $395 million and total debt of $1.4 billion.

Amkor is a Chandler, Ariz., provider of semiconductor assembly and test services.

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