Amkor Technology in $300 Million High Yield Notes Offering

September 21, 2012

Cleary Gottlieb represented the initial purchasers, Deutsche Bank Securities and UBS Securities, in a recent high yield debt offering by Amkor Technology. Amkor issued $300 million of 6.375% Senior Notes due 2022. The 2022 Notes were unregistered and were offered for sale in the United States pursuant to Rule 144A and abroad pursuant to Regulation S. The transaction priced on September 18 and closed on September 21.

Amkor is a leading provider of outsourced assembly and testing services to the global semiconductor industry, with established production centers in strategic locations throughout Asia. Cleary Gottlieb also previously represented (i) the initial purchasers in a 2009 convertible bond offering, a 2010 and 2011 high yield debt offering and (ii) the dealer manager in a 2011 cash tender offer, by Amkor Technology.