Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 157

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 A Loans”), which are secured and guaranteed on a pari passu basis to the revolver loans under the existing agreement.  The Term A Loans have an aggregate principal amount of $500.0 million and will mature in May 2030.  The payments are subject to 2.5% amortization of the original principal amount per year in 2026 and 2027, and 5% thereafter, payable quarterly, with the remaining balance due at maturity.  The proceeds will be used for the partial redemption of the Senior Notes, prepayment of outstanding term loans under Amkor Assembly & Test (Shanghai) Co., Ltd. (“AATS”) and general corporate purposes.(4)In April 2021, we entered into a ₩80.0 billion term loan agreement with the option to borrow and re-borrow the funds up to six times per year through April 2024 at a fixed rate of 1.85%.  In May 2024, we replaced this loan by entering into a ₩80.0 billion (approximately $59 million) term loan agreement with the option to borrow and re-borrow the funds up to six times per year through May 2027.  Principal is payable at maturity, and interest is payable monthly at a fixed rate of 3.95%.  As of June 30, 2025, ₩80.0 billion, or approximately $59 million, was available to be drawn.(5)We entered into various short-term term loans which mature semiannually.  Principal and interest are payable in monthly installments.  As of June 30, 2025, $3.5 million was available to be drawn.(6)In June 2025, we issued a prepayment notice for the remaining $98.0 million of outstanding term loans under AATS (the “AATS Loans”).  We repaid the AATS Loans in July 2025 with proceeds from the new Term A Loans described above.Certain of our debt is collateralized by the land, buildings, equipment and capital stock of subsidiaries.  As of June 30, 2025, the collateralized debt balance was $1,054.3 million, of which $765.9 million of assets and subsidiary capital stock were pledged as collateral.The debt of Amkor Technology, Inc. is structurally subordinated in right of payment to all existing and future debt and other liabilities of our subsidiaries.  From time