Austria-based ams AG announces €200 million tap of 6% notes due 2025

By Paul A. Harris

Portland, Ore., July 13 – Austrian sensor manufacturer ams AG announced in a Monday press release that it is offering a €200 million add-on to its 6% senior notes due July 31, 2025 (existing ratings Ba3/BB-/BB-).

The notes become callable on July 31, 2022 at 104.

The Premstatten, Austria-based company plans to use the proceeds for general corporate purposes including debt refinancing.

The original €650 million priced on June 30.

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