Cleary Gottlieb represented the initial purchasers, Deutsche Bank Securities and Credit Suisse Securities, in connection with Amkor Technology’s private placement of $225 million of 6.375% Senior Notes due 2022 pursuant to Rule 144A and Regulation S. The 2022 Notes were offered as additional notes under Amkor’s 2012 high yield indenture and included registration rights. The transaction priced on May 15 and closed on May 20.
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 has served as counsel to the initial purchasers in a number of recent Amkor offerings, including Amkor’s 2009 convertible bond offering, and Amkor’s 2010, 2011 and 2012 high yield bond offerings and was counsel to the dealer manager of Amkor’s 2011 cash tender offer.
