AMS close to Osram refi with €200m add-on

By Silas Brown
13 Jul 2020

Austrian sensor maker AMS has added €200m and $50m to its July 2025 notes, taking the total to €1.25bn. The debt raise is intended to refinance a €2.77bn bridge loan, of which €1.47bn is drawn, used to buy Munich-based lighting maker Osram.

Global co-ordinators and physical bookrunners were UBS and HSBC, while Bank of America, Citigroup, Commerzbank, Crédit Agricole, Deutsche Bank and Morgan Stanley were joint bookrunners. Erste Bank was a co-manager.

The leads released price talk between 100.50 and 100.75 for a €200m add-on to five year senior unsecured ...

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