Kulicke & Soffa lifts tender price for 1% convertibles, extends deadline

By Susanna Moon

Chicago, Feb. 10 - Kulicke & Soffa Industries, Inc. said it increased its purchase price on its tender offer for $62 million outstanding 1% convertible subordinated notes due 2010.

The company said it will now pay $780 for each $1,000 principal amount of convertibles plus accrued interest up to but excluding the payment date. The price is up from $720 per note.

The offer was extended to 5 p.m. ET on Feb. 24 from midnight ET on Feb. 9. It began on Jan. 6.

As of the close of business on Feb. 9, $5,536,000 principal amount of the notes had been tendered in the offer.

Notes purchased under the offer will be canceled.

Oppenheimer & Co. Inc. is dealer manager for the offer, Bank of New York Mellon is depositary, and Laurel Hill Advisory Group, LLC (917 338-3181 or 888 742-1305) is information agent.

Kulicke & Soffa is a Fort Washington, Pa.-based maker of semiconductor assembly equipment.

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