TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR) (the “Company”) today announced
that it intends to offer, subject to market and other conditions, $525
million aggregate principal amount of senior notes due 2027 (the “2027
Notes”) in a private placement to persons reasonably believed to be
qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and to
certain non-U.S. persons outside the United States pursuant to
Regulation S under the Securities Act.
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We expect to use all of the net proceeds of the 2027 Notes offering,
together with cash on hand, to redeem in full the $525 million aggregate
principal amount of our outstanding 6.375% senior notes due 2022 (the
“2022 Notes”) and to pay related fees and expenses. Pending the use of
the proceeds of this offering, we intend to invest the proceeds in cash,
cash equivalents, investment grade securities or other short-term
marketable securities. The consummation of the offering of the 2027
Notes will not be conditioned on the redemption of the 2022 Notes.
This announcement does not constitute an offer to sell or a solicitation
of an offer to buy any of the 2027 Notes, nor shall there be any offer,
solicitation or sale in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful. This notice is being
issued pursuant to and in accordance with Rule 135c under the Securities
Act.
This announcement does not constitute a notice of redemption of the 2022
Notes.
The 2027 Notes have not been registered under the Securities Act or any
state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from such
registration requirements.
Forward-Looking Statement Disclaimer
This announcement contains forward-looking statements within the meaning
of federal securities laws. All statements other than statements of
historical fact are considered forward-looking statements including,
without limitation, statements regarding the proposed 2027 Notes
offering and the terms and expected use of proceeds thereof. These
forward-looking statements involve a number of risks, uncertainties,
assumptions and other factors that could affect future results and cause
actual results and events to differ materially from historical and
expected results and those expressed or implied in the forward-looking
statements, including, but not limited to, that there can be no
assurance that (i) the 2027 Notes will be sold in the amount or on the
terms expected or at all or (ii) the 2022 Notes will be redeemed in full
or at all. Other important risk factors that could affect the outcome of
the events set forth in these statements are discussed in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2018, and in
its subsequent filings with the Securities and Exchange Commission made
prior to or after the date hereof. The Company undertakes no obligation
to review or update any forward-looking statements to reflect events or
circumstances occurring after the date of this announcement.
Contacts
Amkor Technology, Inc.
Vincent Keenan
Vice President, Investor
Relations
480-786-7594