SOURCE: STATS ChipPAC

STATS ChipPAC

March 20, 2013 11:48 ET

STATS ChipPAC to Redeem the Outstanding $241.6 Million Principal Amount of Its 7.5% Senior Notes Due 2015

SINGAPORE--20 MARCH 2013, UNITED STATES--(Marketwire - Mar 20, 2013) - STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) (SGX: S24), a leading provider of advanced semiconductor packaging and test services, today announced that it has given notice to the holders of its outstanding $241.6 million of 7.5% Senior Notes due 2015 (the "Existing Notes"), with ISIN/CUSIP: 85771TAH7, Y8162BAE5, US85771TAH77 and USY8162BAE57, to exercise its option to redeem all of the outstanding Existing Notes on 19 April 2013 (the "Redemption Date") pursuant to the terms of the indenture, dated as of 12 August 2010 (the "Indenture"), between the Company and The Bank of New York Mellon, as trustee, governing the Existing Notes.

Pursuant to the terms of the Indenture, the redemption price for the Existing Notes will be equal to 105.848% of the principal amount thereof, and accrued and unpaid interest, if any, to the Redemption Date. The Existing Notes will be cancelled by the Company upon redemption.

Forward-looking Statements

Certain statements in this release, including statements regarding the Company's redemption of its outstanding Existing Notes, are forward-looking statements. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ include factors discussed in its reports filed with the Securities Exchange Securities Trading Limited ("SGX-ST"). You should not unduly rely on such statements. We do not intend, and do not assume any obligation, to update any forward-looking statements to reflect subsequent events or circumstances.

References to "$" are to the lawful currency of the United States of America.

About STATS ChipPAC Ltd.

STATS ChipPAC Ltd. (SGX-ST Code: S24) is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions in diverse end market applications including communications, digital consumer and computing. With global headquarters in Singapore, STATS ChipPAC has design, research and development, manufacturing or customer support offices throughout Asia, the United States and Europe. STATS ChipPAC is listed on the SGX-ST. Further information is available at www.statschippac.com. Information contained in this website does not constitute a part of this release.

Contact Information

  • Investor Relations Contact:
    Tham Kah Locke
    Vice President of Corporate Finance
    Tel: (65) 6824 7788
    Fax: (65) 6720 7826
    email: Email Contact

    Media Contact:
    Lisa Lavin
    Deputy Director of Marketing Communications
    Tel: (208) 867-9859
    email: Email Contact