Published: April 01, 2010
GLOBALFOUNDRIES Singapore Announces Results for the Consent Solicitation for Its 6.25% Senior Notes Due 2013 and 6.375% Senior Notes Due 2015
SINGAPORE - (BUSINESS WIRE) - GLOBALFOUNDRIES Singapore Pte. Ltd. (f.k.a. Chartered Semiconductor
Manufacturing Ltd. (UEN / Registration Number 198703584K))
("GLOBALFOUNDRIES Singapore" ) today announced that in connection with
its previously announced consent solicitation for its 6.25% Senior Notes
Due 2013 (the "2013 Notes" ) and 6.375% Senior Notes Due 2015 (the "2015
Notes" ), GLOBALFOUNDRIES Singapore has paid the consent fee of $10 for
each $1,000 principal amount to holders of the 2013 Notes and the 2015
Notes who have delivered consent as of 5:00 p.m., New York City time, on
March 26, 2010 (the "Consent Deadline" ). As of the Consent Deadline, the
aggregate principal amount of the 2013 Notes who have delivered consent
was $223,565,000, which represents approximately 85.40% of the
outstanding principal amount of the 2013 Notes, and the aggregate
principal amount of the 2015 Notes who have delivered consent was
$96,284,000, which represents approximately 99.14% of the outstanding
principal amount of the 2015 Notes. GLOBALFOUNDRIES Singapore and the
trustee for the 2013 Notes and the 2015 Notes have executed supplemental
indentures to the indentures governing the 2013 Notes and the 2015 Notes
that amended and modified the reporting covenant contained in the
indentures governing the 2013 Notes and 2015 Notes.
Credit Suisse Securities (USA) LLC acted as the solicitation agent and
Global Bondholder Services Corporation acted as the tabulation agent and
information agent for the consent solicitation.
This press release shall not be deemed a solicitation of consents with
respect to any other securities of GLOBALFOUNDRIES Singapore.
About GLOBALFOUNDRIES Singapore
GLOBALFOUNDRIES Singapore, one of the world's top dedicated
semiconductor foundries, offers leading-edge technologies down to 40/45
nanometer (nm), enabling today's system-on-chip designs. GLOBALFOUNDRIES
Singapore further serves its customers' needs through a collaborative,
joint development approach on a technology roadmap that extends to 22nm.
GLOBALFOUNDRIES Singapore's strategy is based on open and comprehensive
design enablement solutions, manufacturing enhancement strategies and a
commitment to flexible sourcing. In Singapore, GLOBALFOUNDRIES Singapore
owns or has an interest in six fabrication facilities, including a 300mm
fabrication facility and five 200mm facilities. In December 2009,
GLOBALFOUNDRIES Singapore was acquired by ATIC pursuant to a scheme of
arrangement pursuant to Singapore law. Information about GLOBALFOUNDRIES
Singapore can be found at www.globalfoundries.com.
For more information about ATIC visit www.advancedtechnologyic.com.
Forward-Looking Statements
Certain statements in this communication may constitute
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
based upon assumptions as to future events that may not prove to be
accurate. Actual outcomes and results may differ materially from what is
expressed or forecasted in these forward-looking statements. As a
result, these statements speak only as of the date they were made and
GLOBALFOUNDRIES Singapore undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise required by
law. Words such as "expects," "intends," "plans," "projects,"
"believes," "estimates," and similar expressions are used to identify
these forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. These risks, uncertainties
and assumptions include, among others:
-
decreased consumer confidence;
-
financial market turmoil and deteriorating global economic conditions;
-
the ability to access or renew existing or to obtain additional
financing and the terms thereof;
-
changes in demands from major customers;
-
excess inventory, life cycle, market outlook and trends or specific
products;
-
demand and supply outlook in the semiconductor market;
-
competition from existing foundries and new foundry companies
resulting in pricing pressures;
-
product mix;
-
unforeseen delays, interruptions, performance level and technology mix
in fabrication facilities;
-
progress on leading-edge products;
-
changes in capacity plans, allocation and process technology mix;
-
unavailability of materials, equipment, manpower and expertise;
-
access to or delays in technological advances or development of
process technologies;
-
the successful implementation of technology and supply alliances
(including joint development agreements with IBM, Infineon, Samsung,
Toshiba, STMicroelectronics, AMD and NEC);
-
the growth rate of fabless companies, the outsourcing strategy of
integrated device manufacturers, or IDMs, and the expectation that
IDMs will utilize foundry capacity more extensively; and
-
terrorist attacks, acts of war, or the possibility of an outbreak of
Bird Flu or any other infectious disease in Singapore, as well as
other parts of the world.
Additional information as to these factors can be found in
GLOBALFOUNDRIES Singapore's 2008 Annual Report on Form 20-F in the
sections entitled "Key Information" and "Information On Our Company" and
in the notes to the consolidated financial statements.

GLOBALFOUNDRIES Singapore Pte. Ltd.
(f.k.a. Chartered
Semiconductor Manufacturing Ltd.):
Jon Carvill, +1-408-462-4074
(U.S.)
jon.carvill@globalfoundries.com
or
Yuan
See Lim, +65 6339 9110 (Singapore)
ylim@kreabgavinanderson.com
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