New Issue: Amkor prices $300 million 10-year senior notes at par to yield 6 3/8%

By Paul A. Harris

Portland, Ore., Sept. 18 - Amkor Technology, Inc. priced a $300 million issue of 10-year senior notes (Ba3/BB/) at par to yield 6 3/8% on Tuesday, according to an informed source.

The yield printed at the tight end of price talk that was set in the 6½% area.

Deutsche Bank Securities Inc. and UBS Investment Bank were the joint bookrunners for the quick-to-market deal.

The Chandler, Ariz.-based semiconductor company plans to use the proceeds to repay $224.9 million of debt of its subsidiaries and for general corporate purposes.

Issuer:	Amkor Technology, Inc.
Amount:	$300 million
Maturity:	Oct. 1, 2022
Securities:	Senior notes
Bookrunners:	Deutsche Bank Securities Inc., UBS Investment Bank
Coupon:	6 3/8%
Price:	Par
Yield:	6 3/8%
Spread:	458 bps
Call features:	Callable on Oct. 1, 2016 at 104.781, 103.188, 101.594, par on and after Oct. 1, 2019
Equity clawback:	35% at 106.375 until Oct. 1, 2015
Trade date:	Sept. 18
Settlement date:	Sept. 21
Ratings:	Moody's: Ba3
	Standard & Poor's: BB
Distribution:	Rule 144A and Regulation S with registration rights
Price talk:	6½% area

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