ChipMOS Taiwan Gets NT$13.2 Bln Credit Facility

(RTTNews) - ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS) announced that its majority-owned subsidiary, ChipMOS TECHNOLOGIES INC., has secured two new credit lines from a syndicate of eleven Taiwan banks. The first credit line is a NT$8.3 billion or approximately US$257.9 million, five-year, floating rate, secured, non-revolving credit line.

The second is a NT$4.9 billion or approximately US$152.3 million unsecured, floating rate, revolving credit line. ChipMOS Taiwan expects to use the proceeds from the Credit Facility to refinance its existing bank debt and to provide additional working capital for general corporate purposes