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CHARTERED SEMICONDUCTOR AGGREGATE
SENIOR CONVERTIBLE NOTES PURCHASED BY UNDERWRITERS
MILPITAS, Calif. - March 30, 2001 - Chartered Semiconductor
Manufacturing (Nasdaq: CHRT and SGX-ST: CHARTERED) today
announced that the underwriter of its previously announced
offering of US$500 million of 2.5% Senior Convertible
Notes due 2006 has exercised its option to purchase
US$75 million of notes to cover over-allotments.
The closing for the aggregate US$575 million of 2.5%
Senior Convertible Notes due 2006 (which includes the
US$75 million issued pursuant to the exercise of the
over-allotment option) is expected to be April 2, 2001
in New York.
About Chartered
Chartered Semiconductor Manufacturing is one of the
world's leading independent semiconductor foundries.
The Company's business model is distinguished by its
strategy to build trusted long-term relationships, where
manufacturing is part of a larger customer-service focus
that includes joint development and implementation of
new process technologies supporting novel applications
within the broad communications market. Chartered operates
five semiconductor fabrication facilities at its Singapore
headquarters, with a sixth fab under construction.
A Company with both global presence and perspective,
Chartered's ADSs are quoted on the Nasdaq Stock Market
in the United States (Nasdaq: CHRT) and its ordinary
shares are listed on the Singapore Exchange Securities
Trading Limited in Singapore (SGX-ST: CHARTERED). The
Company reported 2000 revenues of over US$1.1 billion.
More than 4,300 Chartered employees are based at 11
locations around the world. Information about Chartered
Semiconductor Manufacturing can be found at www.charteredsemi.com
No Offering
This news release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale
would be unlawful. Any public offering of the Company's
securities will be made by means of a prospectus.
Safe Harbor Statement under the provisions of the United
States Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements,
as defined in the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995.
These forward-looking statements relate to the closing
of the Company's proposed offering of convertible notes,
reflect the Company's current views and are subject
to certain risks and uncertainties which could cause
actual results to differ materially from those anticipated.
For example, the closing may not occur if the closing
conditions set forth in the underwriting agreement covering
the securities are not satisfied or if the underwriting
agreement is terminated prior to closing. Although the
Company believes the expectations reflected in such
forward-looking statements are based upon reasonable
assumptions, it can give no assurance that its expectations
will be attained. The Company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events
or otherwise.
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