Amkor Technology Inc (AMKR) Message Board

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Technology Stocks : Amkor Technology Inc (AMKR)

AMKR 47.86

-2.8%

3:48 PM EST

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To: Artslaw who wrote (995)	9/27/2002 3:37:39 PM
From: DanielleC	Read Replies (1) of 1056

More news today. Don't underestimate this stock. It's primed for a HUGE upturn IMO: Amkor Bank Group Extends Existing Financial Covenants; Amendment Approved With No Principal Prepayment and No Change in Interest Rates CHANDLER, Ariz.--(BUSINESS WIRE)--Sept. 27, 2002--Amkor Technology (Nasdaq:AMKR) said today that the lenders under its Secured Bank Credit Facility have agreed to extend the existing financial covenant framework through December 31, 2003. The Bank Credit Facility encompasses a $97 million term loan and an unused $100 million revolving credit facility. The term loan will maintain its scheduled amortization of approximately $12 million per quarter beginning in December 2003 through December 2005. The $100 million revolving credit facility will remain in place. The Bank Credit Facility will revert to its original covenants in January 2004. Amkor said the amendment does not require any prepayment of principal on the term loan and does not change the interest rates. About Amkor Amkor Technology, Inc. is the world's largest provider of contract semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com. CONTACT: Amkor Technology, Inc. VP Corporate Communications Jeffrey Luth, 480/821-2408 ext. 5130 jluth@amkor.com SOURCE: Amkor Technology, Inc. Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 09/27/2002 13:31 EASTERN

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