Amkor Technology to launch $200 million loan Wednesday

By Sara Rosenberg

New York, April 1 - Amkor Technology Inc. is scheduled to launch via a conference call a $200 million credit facility on Wednesday, according to market sources. CitiBank and JPMorgan are the lead banks on the deal.

The loan consists of a $30 million revolver due 2005 with an interest rate of Libor plus 425 basis points and a $170 million term loan B due 2006 with an interest rate of Libor plus 425 basis points, sources said.

Proceeds will be used to refinance existing debt.

Moody's Investors Service rated the loan Ba3. Standard & Poor's rated the loan B+.

Amkor is a West Chester, Pa. provider of semiconductor assembly and test services.

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