debt
confidence high
sentiment neutral
materiality 0.50
Amkor Technology enters new $1B revolving credit facility maturing 2030
AMKOR TECHNOLOGY, INC.
- New $1B revolving credit facility replaces existing facility from March 2022.
- Matures May 9, 2030; includes $200M uncommitted accordion for increases.
- Covenants: min interest coverage ratio 3.00x, max leverage ratio 3.00x.
- Proceeds for general corporate purposes; availability in multiple currencies.
- Liens on subsidiary equity can be released if Amkor achieves investment grade ratings.