MagnaChip refinances through $225 million bond

The Korean semiconductor company will use the proceeds to redeem its costly existing debt.
<div style="text-align: left;"> MagnaChip has bucked the market through expansion into smartphones </div>
<div style="text-align: left;"> MagnaChip has bucked the market through expansion into smartphones </div>
July 17, 2013

Korea’s MagnaChip Semiconductor, which is listed on the New York Stock Exchange, raised $225 million on Tuesday through an eight-year high-yield bond.

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