Bank of America Business Capital provides $100 million asset-based credit facility to Amkor Technology, Inc.
New York, NY, December 15, 2005– Bank of America Business Capital, one of the world’s largest asset-based lenders, announced today that it has arranged a $100 million revolving credit facility for Amkor Technology, Inc. (NASDAQ: AMKR), a leading subcontractor of semiconductor packaging and test services. If needed, available funds in the credit facility would be used for working capital and general corporate purposes. Bank of America is also providing letters of credit.
“Bank of America Business Capital did an outstanding job of meeting our financing needs and delivering the deal in a short timeframe,” said Amkor vice president and treasurer Joanne Solomon.
“This financing provides Amkor with additional liquidity to continue its global growth and build its leadership position in a highly competitive industry ,” said Joyce White, president of Bank of America Business Capital.
Founded in 1968, Chandler, AZ-based Amkor Technology, Inc. (www. amkor.com) is one of the world’s largest providers of contract semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services.
Bank of America Business Capital is one of the world’s largest asset-based lenders, with 21 offices serving the United States, Canada and Europe. It provides companies with senior secured loans, cash management, interest rate, precious metals and foreign exchange risk management, and a broad array of capital markets products. Visit www.bofa.com/businesscapitalnews for more information.
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No.1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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