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Article: ChipMOS FURTHER IMPROVES FINANCIAL STRENGTH WITH TRANSACTION CLOSURES.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ:IMOS) announced the closing of privately negotiated transactions with two investors holding in aggregate US$54,000,000 of the Company's 1.75% convertible senior notes due 2009 (the "2009 Notes") and the repayment at maturity of the remaining outstanding 2009 Notes. Approximately US$2 million aggregate principal amount plus all accrued and unpaid interest on the 2009 Notes was paid on maturity. The repayment was financed through the Company's existing cash from operations.
The privately negotiated transactions were first disclosed in the Company's September 29, 2009 press release.
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