Axcelis Provides Update On Convertible Senior Subordinated Notes, Financing and Strategic Alternatives
Axcelis emphasized that it is highly focused on preserving the company's financial health, including aggressively reducing expenses.
Like a number of companies impacted by the freeze up in the global credit markets, Axcelis has been hindered in the refinancing of its debt. Axcelis' efforts in this regard also have been impacted by the protracted decline in the semiconductor industry and the discussions with Sumitomo Heavy Industries, Ltd. regarding an acquisition of Axcelis last year, among other factors.
More information can be found in the Form 8-K that Axcelis filed with the Securities and Exchange Commission at www.sec.gov.
About Axcelis Technologies, Inc.
Axcelis Technologies, Inc., headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation and cleaning systems. Axcelis also licenses its 50% owned joint venture, SEN Corporation, an SHI and Axcelis Company, to manufacture and sell certain implant products in Japan. The company's Internet address is: http://www.axcelis.com.
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SOURCE: Axcelis Technologies, Inc.
Axcelis Technologies, Inc. Investor Contact: Maureen Hart +1 (978) 787 4266 Fax: +1 (978) 787 4275 Maureen.hart@axcelis.com Investor Contact: Stephen Bassett +1 (978) 787 4000 Fax: +1 (978) 787 9133 investor.relations@axcelis.com Loomis Group Heather Smith +1 (617) 309 8005 Fax: +1 (617) 638 0033 smithh@loomisgroup.com