Company: AMKR
Filing Date: 2025-05-13
Form Type: 8-K
Source: 0001047127-25-000092
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Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-05-13
Form: 8-K
Item: Item 1.02
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Item 1.02.

Termination of a Material Definitive Agreement.

The information provided in Item 2.03 below is hereby incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On May 9, 2025, Amkor Technology, Inc. (the “ Company”) replaced its existing senior revolving credit facility, dated as of March 28, 2022, with a new revolving credit facility (the “ New Revolver”) pursuant to a Credit Agreement (the “ Credit Agreement”), dated as of May 9, 2025, by and among the Company, as borrower, the Lenders party thereto from time to time, the L/C Issuers party thereto from time to time and Bank of America, N. A., as administrative agent. The New Revolver is secured by a lien on the equity interests of certain subsidiaries of the Company, subject to the collateral fallaway provisions described below. The proceeds of the New Revolver will be used for general corporate purposes. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Credit Agreement.

The maximum amount available to draw under the New Revolver is limited to the aggregate revolving commitments of the lenders of $1 billion, except that borrowings denominated in currencies other than U. S. Dollars shall not exceed the lesser of (a) the aggregate revolving commitments or (b) $25 million. The New Revolver includes an uncommitted optional accordion of up to $200 million, which may be incurred in the form of revolving commitment increases or term loans. The New Revolver will mature on May 9, 2030.

The Company may elect interest rates on its revolving borrowings calculated by reference to (i) for loans denominated in U. S. Dollars, (x) Term SOFR or (y) a Base Rate, (ii) for term loans denominated in Japanese Yen, the Tokyo Interbank Offer Rate or (iii) for loans denominated in any currency other than U. S. Dollars or Japanese Yen, an alternative currency rate, in each case plus a margin based on the Company’s consolidated leverage ratio.

The Credit Agreement contains customary representations and warranties, conditions, and affirmative and negative covenants, including covenants to maintain a minimum interest coverage ratio and a maximum consolidated leverage ratio.

The interest coverage ratio financial covenant provides that the Company will be required