EX-99.1
3
a09-9354_2ex99d1.htm
EX-99.1
Exhibit 99.1
Company Contact:
Investor Contact:
Maureen Hart
Stephen Bassett
Axcelis Technologies, Inc.
Axcelis Technologies, Inc.
Tel: +1 (978) 787 4266
Tel: +1 (978) 787 4000
Fax: +1 (978) 787 4275
Fax: +1 (978) 787 9133
maureen.hart@axcelis.com
investor.relations@axcelis.com
AXCELIS TECHNOLOGIES COMPLETES SALE OF ITS INTEREST IN
JOINT VENTURE SEN CORPORATION TO SUMITOMO HEAVY INDUSTRIES
Company Fulfills Obligations on Convertible Senior
Subordinated Notes
BEVERLY,
Mass.-March 30, 2009-Axcelis Technologies, Inc. (Nasdaq: ACLS) today
announced it has completed the sale of its 50% interest in SEN Corporation, an
SHI and Axcelis Company (SEN) to Sumitomo Heavy Industries, Ltd. (SHI). The
Company received net proceeds from the sale of approximately $122.3 million
after advisor fees and other expenses and will recognize a gain on the sale of
approximately $1.2 million in the first quarter of 2009.
Axcelis has applied $86.4 million of the sale proceeds to meet its
obligations on its 4.25% Convertible Senior Subordinated Notes, which were due
in January. As a result of the payment, the trustee for the notes will withdraw
litigation filed in connection with Axcelis' default on the notes.
The
sale was completed pursuant to a Share Purchase Agreement that Axcelis and SHI
entered into on February 26, 2009. SEN was licensed by Axcelis to
manufacture and sell certain implant products in Japan. Prior to the completion
of the sale, it was owned 50/50 by Axcelis and SHI.
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. The company's Internet address is: www.axcelis.com.

EX - 99 . 1 3 a09 - 9354 _ 2ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Company Contact : Investor Contact : Maureen Hart Stephen Bassett Axcelis Technologies , Inc . Axcelis Technologies , Inc . Tel : + 1 ( 978 ) 787 4266 Tel : + 1 ( 978 ) 787 4000 Fax : + 1 ( 978 ) 787 4275 Fax : + 1 ( 978 ) 787 9133 maureen.hart@axcelis.com investor.relations@axcelis.com AXCELIS TECHNOLOGIES COMPLETES SALE OF ITS INTEREST IN JOINT VENTURE SEN CORPORATION TO SUMITOMO HEAVY INDUSTRIES Company Fulfills Obligations on Convertible Senior Subordinated Notes BEVERLY , Mass . - March 30 , 2009 - Axcelis Technologies , Inc . ( Nasdaq : ACLS ) today announced it has completed the sale of its 50 % interest in SEN Corporation , an SHI and Axcelis Company ( SEN ) to Sumitomo Heavy Industries , Ltd . ( SHI ) . The Company received net proceeds from the sale of approximately $ 122.3 million after advisor fees and other expenses and will recognize a gain on the sale of approximately $ 1.2 million in the first quarter of 2009 . Axcelis has applied $ 86.4 million of the sale proceeds to meet its obligations on its 4 . 25 % Convertible Senior Subordinated Notes , which were due in January . As a result of the payment , the trustee for the notes will withdraw litigation filed in connection with Axcelis ' default on the notes . The sale was completed pursuant to a Share Purchase Agreement that Axcelis and SHI entered into on February 26 , 2009 . SEN was licensed by Axcelis to manufacture and sell certain implant products in Japan . Prior to the completion of the sale , it was owned 50 / 50 by Axcelis and SHI . 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 . The company 's Internet address is : www.axcelis.com .
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