Amkor Technology Korea gets new $180 million three-year term loan

By Sara Rosenberg

New York, May 27 - Amkor Technology Korea Inc. closed on a new $180 million secured term loan due June 1, 2013, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Woori Bank acted as the lead bank on the deal that was completed on May 24.

Pricing on the term loan is Base rate plus 199 basis points.

Amortization is 11 equal quarterly installments of $5 million, with the remaining balance due at maturity.

Proceeds will be used by parent company Amkor Technology Inc. to purchase a portion of its 9.25% senior notes due 2016.

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

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