Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 112

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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$923,431 (1)In April 2021, we entered into a ₩80 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 March 31, 2025, ₩80.0 billion, or approximately $54 million, was available to be drawn.(2)We entered into various short-term term loans which mature semiannually.  Principal and interest are payable in monthly installments.  As of March 31, 2025, $3.3 million was available to be drawn.  (3)In March 2022, Amkor Technology Singapore Holdings Pte. Ltd. (“ATSH”) entered into a $600.0 million senior secured revolving credit facility (the “2022 Singapore Revolver”), which is guaranteed by Amkor Technology, Inc., Amkor Technology Taiwan Ltd. (“ATT”) and Amkor Advanced Technology, Inc. (“AATT”).  

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Table of ContentsAMKOR TECHNOLOGY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)(Unaudited)

The maximum borrowing capacity under the 2022 Singapore Revolver is limited to a base amount equal to the lesser of: (1) $600.0 million; or (2) $250.0 million plus a variable amount equal to 37.5% of our consolidated accounts receivable balance.  As of March 31, 2025, $600.0 million was available for future borrowings under the 2022 Singapore Revolver. Certain of our foreign debt is collateralized by the land, buildings, equipment and accounts receivable in the respective locations.  As of March 31, 2025, the collateralized debt balance was $628.9 million, of which $292.4 million of assets were pledged as collateral.The debt of Amkor Technology, Inc. is structurally subordinated in right of payment to