debt
confidence high
sentiment neutral
materiality 0.50
Amkor to offer $400M senior notes due 2033; plans to redeem $400M 6.625% notes due 2027
AMKOR TECHNOLOGY, INC.
- Offering $400M aggregate principal amount of senior notes due 2033 in private placement under Rule 144A/Reg S.
- Net proceeds, plus cash on hand, to redeem all $400M outstanding of 6.625% senior notes due 2027.
- Pending redemption, proceeds will be invested in cash equivalents, investment grade securities, or short-term marketables.
- Consummation of the 2033 notes offering is not conditioned on redemption of the 2027 notes.