STATS ChipPAC Terminates Tender Offer and Consent Solicitation for Its Senior Notes
SINGAPORE -- 08/08/2008 -- UNITED STATES--(Marketwire - August 8, 2008) - STATS ChipPAC Ltd.
("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP)
(SES: S24), a leading semiconductor test and advanced packaging service
provider, announced today that its tender offer and consent solicitation
(the "Tender Offer and Consent Solicitation") in respect of its $150
million of 7.5% Senior Notes due 2010(1) and its $215 million of 6.75%
Senior Notes due 2011(2) (the "Senior Notes") has been
terminated because the Financing Condition has not been satisfied. All
tendered Senior Notes are now free to trade.
The Tender Offer and Consent Solicitation was made solely pursuant to the
Offer to Purchase and Consent Solicitation Statement dated June 20, 2008,
as amended on July 22, 2008 (the "Offer to Purchase"). All capitalized
terms used herein have the same meanings as assigned to them in the Offer
to Purchase.
Joint Dealer Managers were Credit Suisse (Liability Management +44 20 7883
6748) and Deutsche Bank (Liability Management +44 20 7545 8011).
About STATS ChipPAC Ltd.
STATS ChipPAC Ltd. 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 in 10 different
countries. 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.
(1) Common Codes / CUSIPs / ISINs: 022422669, 022422642, 022457241 /
85771TAD6, 85771TAE4, Y8162BAB1 / US85771TAD63, USY8162BAB19, US85771TAE47.
(2) Common Codes / CUSIPs / ISINs: 020574089, 020563532, 021811157 /
85771TAA2, 85771TAC8, Y8162BAA3 / US85771TAA25, USY8162BAA36, US85771TAC80.
Contact Information: Investor Relations Contact:
Tham Kah Locke
Vice President of Corporate Finance
Tel: (65) 6824 7788
Fax: (65) 6720 7826
email:
Media Contact:
Lisa Lavin
Deputy Director of Corporate Communications
Tel: (208) 939 3104
Fax: (208) 939 4817
email: