Stats ChipPAC to start roadshow Monday in Hong Kong for $165 million seven-year notes

By Paul A. Harris

St. Louis, Oct. 28 - Stats ChipPAC Ltd. will begin its roadshow on Monday in Hong Kong for its $165 million offering of seven-year senior notes (Ba2/BB), according to market sources.

The roadshow moves to Singapore on Tuesday and is expected to begin in the United States on Thursday. Pricing is expected early in the week of Nov. 8.

Deutsche Bank Securities and Lehman Brothers will run the books for the Rule 144A/Regulation S offering.

The notes will be guaranteed by all of Stats ChipPAC's wholly owned subsidiaries other than those subsidiaries organized under the laws of the People's Republic of China.

Proceeds will be used to redeem $165 million 12¾% senior subordinated notes due 2009, to repay bank debt and for general corporate purposes.

The company, which has corporate headquarters in Singapore and Fremont, Calif., is a service provider of semiconductor packaging design, assembly, testing and distribution solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.