Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
GATE Announces Completion Of Restructuring Plan

CAYMAN ISLANDS and SINGAPORE, Jan. 12, 2018 /PRNewswire/ -- Global A&T Electronics Ltd. (the "Company") announced that the Court-approved restructuring plan has gone into effect as of today.

At a hearing on 3 January 2018, the Honorable Robert D. Drain affirmed its ruling on 21 December confirming the Company's restructuring plan, and overruling on finding in applicable the limited objection filed by JP Morgan Chase ("JPMC").

"The closing of our restructuring is the culmination of hard work and strong support from our equity sponsors and noteholders, who have been constructive partners throughout our restructuring process. In particular, I want to thank all our customers and suppliers for their support and trust in UTAC throughout this process.  I also want to thank our dedicated employees for continuing to deliver quality products and services to our customers," said Dr. W. John Nelson, Chief Executive Officer of the Company.

As previously announced, the restructuring will reduce the Company's funded debt from approximately $1.12 billion to total of $665 million and reduce its annual debt service by nearly half from $113 million to approximately $56.5 million. The restructuring will consolidate GATE with its sister company UMS, allowing for greater operational synergy and liquidity. With the significant reduction in interest expense, UTAC is expected to generate positive free cashflow after interest and capex spending. 

When completed, the restructuring will also resolve all litigation and claims of the noteholders against the company and its equity sponsors over the 2014 debt exchange.

"UTAC will emerge from this process stronger than ever, with the financial stability and flexibility to invest for future growth," said John.

-End-

About UTAC Holdings Ltd 

UTAC Holdings Ltd (UTAC) is a leading independent provider of assembly and test services for a broad range of semiconductor chips. We offer a full range of semiconductor assembly and test services in these key product categories: analog, mixed-signal and logic, and memory. Our customers are primarily fabless companies, integrated device manufacturers and wafer foundries. UTAC is headquartered in Singapore, with production facilities located in Singapore, Thailand, Taiwan, mainland China, Indonesia and Malaysia. We have a global sales network across United States, Japan, mainland China and Taiwan, rest of Asia and Europe, with sales offices in each of these regions. 

 

 

Cision View original content:http://www.prnewswire.com/news-releases/gate-announces-completion-of-restructuring-plan-300582238.html

SOURCE UTAC

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools availabl...
Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses. Accordingly, attendees at th...
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the ...
92% of enterprises are using the public cloud today. As a result, simply being in the cloud is no longer enough to remain competitive. The benefit of reduced costs has normalized while the market forces are demanding more innovation at faster release cycles. Enter Cloud Native! C...
Where many organizations get into trouble, however, is that they try to have a broad and deep knowledge in each of these areas. This is a huge blow to an organization's productivity. By automating or outsourcing some of these pieces, such as databases, infrastructure, and network...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
Most Read This Week
ADS BY GOOGLE