ams-Osram to use new offering to redeem in full two notes due 2025

Chicago, Nov. 13 – ams-Osram AG will use the proceeds from a new offering of senior notes in line with a recently presented financing plan, namely to refinance outstanding debt, according to a notice.

The company will use the new notes, with the proceeds of a proposed rights offering and a sale-leaseback of the group’s new Kulim 8-inch facility, to redeem two notes and repay some bank facilities.

Namely, the company will redeem in full the outstanding $450 million 7% senior notes due 2025 and the €850 million 6% senior notes due 2025.

Proceeds may also be used to fund general corporate purposes.

ams-Osram is a Munich-based electric light manufacturer.

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