A $3 million piece of AMI Semiconductor traded at 100 1/2 - 3/4 as the company's reputation as a good credit continues to help levels. "They're just a well-run company with well-run management," said a dealer. Another trader commented that there tends to be "inherent risk in lending to a technology company." On a positive note, he added that the structure of the deal is good and leverage is low. AMI, based in Pocatello, Idaho, provides digital and mixed-signal application specific integrated circuits. Credit Suisse First Boston leads the $175 million deal, which was recently signed.
AMI Semiconductor Trades Above Par