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Austria's AMS successfully sells additional senior 2025 notes

Published 07/13/2020, 01:48 PM
Updated 07/13/2020, 01:50 PM
© Reuters. The Logo of Austrian sensor specialist AMS is seen on their factory in Unterpremstaetten

VIENNA (Reuters) - Austrian sensor maker AMS (S:AMS) (VI:AMS) said on Monday it sold an additional 200 million euros ($226.7 million) in 6% senior notes due in 2025 at an issue price of 100.75% and an implied 5.82% yield to maturity.

An additional $50 million, 7% senior notes were sold at an issue price of 100.75% and an implied 6.82% yield to maturity, the group said.

AMS, which closed the takeover of German lighting group Osram (DE:OSRn) on Thursday, said it would use the proceeds for "general corporate purposes" including the refinancing of existing debt.

The issuance followed the previous closing of 650 million euros and $400 million in senior notes this month.

© Reuters. The Logo of Austrian sensor specialist AMS is seen on their factory in Unterpremstaetten

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