Amkor gets $100 million revolver

By Sara Rosenberg

New York, Nov. 30 - Amkor Technology Inc. closed on a new $100 million four-year senior secured revolving credit facility, according to a company news release.

Bank of America and Wachovia acted as the lead banks on the deal.

Borrowings, which are available for general corporate purposes, carry an interest rate of Libor plus 150 basis points.

The revolver, which closed Nov. 28, replaces the company's prior $30 million secured revolver that was scheduled to mature on June 29, 2007.

In addition, the company's subsidiary, Amkor Technology Taiwan Ltd., completed its NT$1.8 billion five-year secured term loan that was led by Chinatrust Commercial Bank and Ta Chong Commercial Bank. The term loan carries an interest rate of the Taiwan 90-day commercial paper rate plus 120 bps. Proceeds will be used to repay interim financing and for general corporate purposes, including capital expenditures.

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

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