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Amkor Technology to price $525 million 8.5-year notes on Wednesday
By Paul A. Harris
Portland, Ore., March 12 – Amkor Technology, Inc. plans to price $525 million of 8.5-year senior notes (current ratings B1/BB) on Wednesday, according to market sources.
The offering was scheduled to be shopped on a late Tuesday morning conference call with investors.
The notes come with initial price indications of 6¼% to 6½%, a bond trader said.
Morgan Stanley & Co. LLC and BofA Merrill Lynch are the joint bookrunners.
The Rule 144A for life and Regulation S notes become callable after three years at par plus 75% of the coupon.
The Chandler, Ariz.-based semiconductor company plans to use the proceeds to refinance its existing senior notes.
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