Amkor Technology issues $1.15 billion of 0% convertible senior notes due 2031
On May 5, 2026, Amkor issued $1.15 billion of 0.00% convertible senior notes due July 15, 2031, including $150 million from the full exercise of the initial purchasers' option. The notes are senior, unsecured obligations guaranteed by subsidiaries that also guarantee the company's 5.875% senior notes due 2033. The company also entered capped call transactions that it expects to reduce potential dilution from conversion of the notes.
Key points
- Principal amount issued: $1.15 billion, including a $150 million option exercised in full
- Initial conversion price of approximately $106.37 per share (9.4013 shares per $1,000 principal amount)
- Notes mature July 15, 2031; the company may redeem them on or after May 15, 2029 under specified conditions
- Capped call transactions were entered April 30 and May 1, 2026
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.