09:12 AM EDT, 09/08/2025 (MT Newswires) -- Amkor Technology ( AMKR ) said Monday it plans to offer $400 million of senior notes due 2033 via a private placement.

The company said it intends to use the net proceeds, along with cash on hand, to fully redeem $400 million of its outstanding 6.625% senior notes due 2027, as well as to pay related fees and expenses.

Pending the use of the proceeds of the offering, the company said it intends to invest the proceeds in cash, cash equivalents, investment-grade securities, or other short-term marketable securities.