Brief: Ams Osram Completes Financing Plan

ams-OSRAM AG

13/12/2023 07:07

Dec 13 (Reuters) - AMS OSRAM AG  AMS.VI :
    * AMS OSRAM SUCCESSFULLY COMPLETES ITS COMPREHENSIVE
FINANCING
PLAN REACHING A HEALTHY CAPITAL STRUCTURE
    * IN TOTAL, APPROX. EUR 2.25 BN RAISED
    * COMPLETION OF RIGHTS ISSUE WITH GROSS PROCEEDS OF APPROX.
EUR
808 MN
    * PLACEMENT OF NEW UNSECURED SENIOR NOTES OF APPROX. EUR 1
BN
    * PRO-FORMA NET-DEBT TO ADJUSTED EBITDA RATIO OF 2.1X BASED
ON Q3
/ 2023 FIGURES
    * PRO-FORMA NET-DEBT TO ADJUSTED EBITDA RATIO OF 2.1X BASED
ON Q3
/ 2023 FIGURES
    * ASSET-LEVEL TRANSACTIONS WITH PROCEEDS OF APPROX. EUR 450
MN
    * PREVIOUSLY OUTSTANDING UNSECURED SENIOR NOTES, DUE IN
2025,
REDEEMED
    * COMPANY INTENDS TO USE REMAINDER OF PROCEEDS TO REPAY
CERTAIN
OTHER DEBT BECOMING DUE UNTIL END OF 2025, FUND GENERAL
CORPORATE PURPOSES, AND PAY RELATED FEES AND EXPENSES
    * ORIGINALLY PLANNED ADDITIONAL FINANCINGS TO BE COMPLETED
IN 2024
WILL NO LONGER BE REQUIRED

Source text for Eikon:  ID:nEQ8fPS19a 
Further company coverage:  AMS.S 

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