New Issue: Amkor prices upsized $225 million tap of 6 3/8% notes due 2022 at 103

By Paul A. Harris

Portland, Ore., May 15 - Amkor Technology, Inc. priced an upsized $225 million add-on to its 6 3/8% senior notes due Oct. 1, 2022 (existing ratings Ba3/BB/) at 103 on Wednesday, according to a market source.

Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC were the joint bookrunners for the quick-to-market add-on, which was upsized from $200 million.

The Chandler, Ariz.-based semiconductor company plans to use the proceeds for general corporate purposes, which may include, among other things, capital additions, acquisitions and other investments.

The original $300 million issue priced at par on Sept. 18, 2012.

Issuer:	Amkor Technology, Inc.
Amount:	$225 million, increased from $200 million
Maturity:	Oct. 1, 2022
Security description:	Add-on to 6 3/8% senior notes due Oct. 1, 2022
Bookrunners:	Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC
Coupon:	6 3/8%
Price:	103
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:	May 15
Existing ratings:	Moody's: Ba3
	Standard & Poor's: BB
Distribution:	Rule 144A and Regulation S
Original issue:	$300 million issue priced at par on Sept. 18, 2012
Total issue size:	$525 million

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