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Technology Stocks : Amkor Technology Inc (AMKR)

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To: Jim Oravetz who wrote (607)	3/21/2000 12:35:00 PM
From: Jim Oravetz	Read Replies (3) of 1056

Amkor to sell $225 million in notes to help fund purchase of plants By Semiconductor Business News Mar 17, 2000 www.semibiznews.com/story/OEG20000317S0032 WEST CHESTER, Pa.--Amkor Technology Inc. today said it plans to sell $225 million in convertible subordinated notes, due 2007, to partially fund the acquisition of three semiconductor packaging plants from Anam Semiconductor Inc. in South Korea. Last month, Amkor reached a definitive agreement to buy Anam's three remaining chip-packaging and testing factories in Korea for $1.4 billion (see Feb. 28 story). The 5% 114A convertible subordinate notes will be converted into Amkor common stock at a price of $57.34 per share. Amkor said it has granted the initial purchasers of the notes a 30-day option to purchase additional notes to cover over-allotments, if any. Jim

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