Stats ChipPac says $125.92 million of 1.75% convertible put back

New York, Feb. 14 - Stats ChipPac Ltd. said holders put back $125.92 million principal amount of its 1.75% convertible notes due 2007.

Following the put, $74.08 million principal amount of notes will remain outstanding, including notes held by the company.

The notes put back will be redeemed on March 18 at 110.081% of par.

Stats, a Singapore and Fremont, Calif.-based semiconductor packaging design, assembly, test and distribution company, will pay for the put with cash at hand, some form of financing or a combination of both.

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