Issuance of US$400,000,000 aggregate principal amount of 12.25% Senior Notes and €625,000,000 aggregate principal amount of 10.5% Senior Notes by ams-OSRAM AG
Advised ams-OSRAM AG, a stock corporation incorporated under the laws of Austria (“Issuer”), as Malaysian counsel in relation to the issuance of US$400,000,000 aggregate principal amount of 12.25% Senior Notes and €625,000,000 aggregate principal amount of 10.5% Senior Notes (collectively, “Notes”). The Notes were issued pursuant to Regulation S and Rule 144A of the U.S. Securities Act 1993.
The proceeds from the issuance of the Notes will be utilised to (a) redeem in full, notes previously issued by the Issuer, (b) repay amounts outstanding under the group’s bank facilities, (c) fund cash to balance sheet to be used for general corporate purposes including, inter alia, repayment of other group’s financial debt when due, and (d) pay related fees and expenses. The Notes are guaranteed on a senior basis by the Issuer’s subsidiaries which include, OSRAM Opto Semiconductors (Malaysia) Sdn. Bhd.
Advising the Issuer were Partners Kelvin Loh, Geraldine Su and Senior Associate Kimberley Yee.
