Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 160

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 160
---
-term term loans which mature semiannually.  Principal and interest are payable in monthly installments.  As of September 30, 2025, $3.4 million was available to be drawn. Certain of our debt is collateralized by the land, buildings, equipment and capital stock of subsidiaries.  As of September 30, 2025, the collateralized debt balance was $923.8 million, of which $656.8 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 to time, Amkor Technology, Inc., ATSH and Guardian guarantee certain debt of our subsidiaries.  The agreements governing our indebtedness contain affirmative and negative covenants, including, among others, covenants to maintain a minimum interest coverage ratio and a maximum consolidated leverage ratio, which restrict our ability to pay dividends and could restrict our operations.  These restrictions do not currently have a material impact on our ability to make dividend payments or stock repurchases.  We were in compliance with all debt covenants at September 30, 2025.

-20-

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

12.    Pension Plans

Foreign Defined Benefit Pension PlansOur subsidiaries in Japan, Korea, Malaysia, the Philippines and Taiwan sponsor defined benefit pension plans.  Charges to expense are based upon actuarial analyses.  The components of net periodic pension cost for these defined benefit pension plans are as follows:For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024 (In thousands)Service cost$3,356 $3,514 $10,045 $10,354 Interest cost1,475 1,464 4,410 4,335 Expected return on plan assets(1,316)(1,410)(3,934)(4,197)Recognized actuarial gain(120)(97)(358)(290)Net periodic pension cost3,395 3,471 10,163 10,202 Curtailment gain— — (434)— Total pension expense$3,395 $3,471 $9,729 $10,202 The components