Brief: Ams Osram Optimizes Financing Structure With Placement Of EUR 200 Mln 10.5% Senior Notes

ams-OSRAM AG

13/09/2024 06:03

Sept 13 (Reuters) - AMS OSRAM AG  AMS.VI :
    * OPTIMIZES FINANCING STRUCTURE WITH SUCCESSFUL PRIVATE
PLACEMENT
OF EUR 200 MILLION 10.5% SENIOR NOTES DUE 2029 REPLACING
SHORT-TERM FINANCING FACILITIES
    * PRIVATE PLACEMENT OF EUR 200 MILLION PRINCIPAL AMOUNT OF
SENIOR
NOTES DUE 2029
    * OPTIMIZING FINANCING STRUCTURE BY REPLACING SHORT-TERM
ROLLING
BANK AND WORKING CAPITAL FACILITIES WITH LONG-TERM SENIOR NOTES
    * AMS OSRAM INTENDS TO USE TO REPAY AMOUNTS OUTSTANDING
UNDER
CERTAIN OF ITS SHORT-TERM BANK AND WORKING CAPITAL FACILITIES
    * PRIVATE PLACEMENT IS EXPECTED TO CLOSE AND ADDITIONAL
SENIOR
NOTES ARE EXPECTED TO BE ISSUED ON OR AROUND 20 SEPTEMBER 2024

Source text for Eikon:  ID:nEQ4TtGySa 
Further company coverage:  AMS.VI 

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