AMS lines up €4.2bn bridge loan in Osram swoop

By Mike Turner
04 Sep 2019

Austria’s AMS has agreed a €4.2bn bridge loan from two banks, with the sensor maker outbidding private equity firms in an attempt to buy German lighting company Osram.

AMS’s bridge loan is made up of a €2.7bn tranche and a €1.5bn tranche. The larger tranche and will be refinanced through bond issuance, while the €1.5bn tranche will be refinanced through a rights issue. 

The average expected interest rate for the entire bridge facility is expected to be ...

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