SINGAPORE – January 29, 2008 – Chartered Semiconductor Manufacturing Ltd., one of the world’s top dedicated foundries, announced that it has signed an agreement for a US$190 million term loan facility from Societe Generale. The loan is guaranteed by Atradius Dutch State Business NV and is to support the Phase 2 ramp of Fab 7, the company’s first 300-millimeter (mm) wafer fabrication facility.
The credit facility will be used to finance the purchase of Fab 7 equipment from ASML, a European equipment vendor. It will be drawn down in accordance with the ramp schedule of the fab and will be repaid over a period of five years. The funding cost for the loan is approximately London Interbank Offering Rate (LIBOR) plus 62 basis points. The funding costs mentioned above exclude arrangement, commitment and related fees.
Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT, SGX-ST: CHARTERED), one of the world’s top dedicated semiconductor foundries, offers leading-edge technologies down to 65 nanometer (nm), enabling today’s system-on-chip designs. The company further serves the needs of customers through its collaborative, joint development approach on a technology roadmap that extends to 32nm.
Chartered’s strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement methodologies, and a commitment to flexible sourcing. In Singapore, the company operates a 300mm fabrication facility and four 200mm facilities. Information about Chartered can be found at www.charteredsemi.com.