Kulicke & Soffa files $250 million debt, preferred, stock, convertibles shelf

New York, Feb. 15 - Kulicke and Soffa Industries, Inc. filed a shelf registration for $250 million of debt securities, preferred stock, common stock, warrants and units with the Securities and Exchange Commission. The debt and preferreds can be structured as convertibles.

The Willow Grove, Pa. supplier to the semiconductor industry said it would use proceeds for general corporate purposes, which may include funding the development and growth of its business, repaying debt, financing potential acquisitions and general working capital.

For the three months to Dec. 31, 2001, Kulicke and Soffa's earnings were insufficient to cover fixed charges by $25.0 million compared to $12.2 million for the same period of 2000.

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