New Issue: Amkor Technology upsizes 10-year notes to $400 million, priced at par to yield 9¼%

By Paul A. Harris

St. Louis, May 11 - Amkor Technology, Inc. priced an upsized $400 million issue of 10-year senior notes (Caa1/CCC+) at par to yield 9¼% on Thursday, according to a market source.

The yield came at the tight end of the 9¼% to 9 3/8% price talk.

Citigroup ran the books for the registered issue.

Proceeds will be used in part to fund a tender for up to $271 million of the company's 9¼% senior notes due 2008.

The issue was upsized from $300 million.

The issuer is a Chandler, Ariz., provider of semiconductor packaging and test services.

Issuer:	Amkor Technology, Inc.
Amount:	$400 million (increased from $300 million)
Maturity:	June 1, 2016
Security description:	Senior notes
Bookrunner:	Citigroup
Coupon:	9¼%
Price:	Par
Yield:	9¼%
Spread:	409 bps
Call features:	Callable from June 1, 2011 at 104.625, 103.083, 101.542, par on and after June 1, 2014
Equity clawback:	Until June 1, 2009 for 35% at 109.25
Trade date:	May 11
Settlement date:	May 26
Ratings:	Moody's: Caa1
	Standard & Poor's: CCC+
Distribution:	SEC registered
Price talk:	9¼%-9 3/8%

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