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Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Summary of Short term Borrowings And Long term Debt
Following is a summary of short-term borrowings and long-term debt:
 
March 31,
2015
 
December 31,
2014
 
(In thousands)
Debt of Amkor Technology, Inc.:
 

 
 

Senior secured credit facilities:
 

 
 

$200 million revolving credit facility, LIBOR plus 1.25%-1.75%, due December 2019
$

 
$

Senior notes:
 

 
 

7.375% Senior notes, due May 2018
345,000

 
345,000

6.625% Senior notes, due June 2021, $75 million related party
400,000

 
400,000

6.375% Senior notes, due October 2022
525,000

 
525,000

Debt of subsidiaries:
 

 
 

Amkor Technology Korea, Inc.:
 
 
 
$41 million revolving credit facility, foreign currency funding-linked base rate plus 1.60%, due June 2016 (1) (6)
30,000

 

Term loan, LIBOR plus 3.70%, due June 2016 (2) (6)
70,000

 
70,000

Term loan, foreign currency funding-linked base rate plus 1.80%, due March 2017 (3) (6)
80,000

 
80,000

Term loan, LIBOR plus 3.70%, due July 2017 (1) (6)

 
30,000

Term loan, foreign currency funding-linked base rate plus 1.75%, due September 2017 (4) (6)

 
5,000

Term loan, LIBOR plus 3.70%, due December 2019 (5) (6)
70,000

 
70,000

Other:
 
 
 
Revolving credit facility, TAIFX plus a bank-determined spread, due April 2015 (Taiwan) (7)

 

 
1,520,000

 
1,525,000

Add: Unamortized premium
5,677

 
5,824

Less: Short-term borrowings and current portion of long-term debt
(30,000
)
 
(5,000
)
Long-term debt (including related party)
$
1,495,677

 
$
1,525,824

(1)
In June 2012, we entered into a $41.0 million revolving credit facility with a Korean Bank. Principal is payable at maturity. In February 2015, the facility was amended to lower the interest rate. In February 2015, we drew $30.0 million and used the proceeds to prepay our term loan due July 2017. In April 2015, the outstanding balance was repaid. Interest is due monthly, at a foreign currency funding-linked base rate plus 1.60% (3.05% as of March 31, 2015). As of March 31, 2015, $11.0 million was available to be borrowed for general working capital purposes.
(2)
In April 2013, we entered into a term loan agreement with a Korean bank pursuant to which we may borrow up to $150.0 million through April 2016 for general working capital purposes and the repayment of inter-company debt. Principal is payable at maturity. Interest is due quarterly, at a rate of LIBOR plus 3.70% (3.97% as of March 31, 2015). As of March 31, 2015, $80.0 million was available to be borrowed.
(3)
In March 2014, we entered into a term loan agreement with a Korean bank pursuant to which we borrowed $80.0 million. Principal is payable at maturity. In January 2015, the term loan was amended to lower the interest rate. Interest is due monthly, at a foreign currency funding-linked base rate plus 1.80% (3.08% as of March 31, 2015).
(4)
In March 2013, we entered into a loan agreement with a Korean bank pursuant to which we may borrow up to $150.0 million through September 2017. Principal is payable in quarterly installments of $5.0 million starting in December 2014, with the remaining balance due at maturity. Interest is due quarterly, at a foreign currency funding-linked base rate plus 1.75% (3.20% as of March 31, 2015). At March 31, 2015, $140.0 million was available to be borrowed for capital expenditures.
(5)
In November 2012, we entered into a loan agreement with a Korean bank pursuant to which we could borrow up to $100.0 million through March 2014. Principal is payable upon maturity. Interest is payable quarterly in arrears, at LIBOR plus 3.70% (3.94% as of March 31, 2015). In April 2015, the term loan was amended and now bears interest at LIBOR plus 2.70%.
(6)
The loans in Korea are collateralized by substantially all the land, factories and equipment located at our facilities in Korea.
(7)
In September 2012, Amkor Technology Taiwan Ltd, a subsidiary in Taiwan, entered into a revolving credit facility. Availability under the revolving credit facility was originally $44.0 million and subsequent availability steps down $5.0 million every six months from the original available balance. Principal is payable at maturity. As of March 31, 2015, $19.0 million was available to be drawn for general corporate purposes and capital expenditures.
The