PSi lifts exchangeable note to $5.66 million, extends maturity to June 2009

By Devika Patel

Knoxville, Tenn., Aug. 18 - PSi Technologies Holdings, Inc. said it has amended the $4 million exchangeable senior subordinate note it issued to Merrill Lynch Global Emerging Markets Partners, LLC in a June 2005 private placement.

The amendment extends the note's maturity date to June 1, 2009 from Aug. 15, 2008.

The note's principal has also been increased to $5.66 million.

Based in San Francisco, PSi provides assembly and test services for the semiconductor industry.

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