EQS-News: ams OSRAM successfully completes its comprehensive financing plan reaching a healthy capital structure

EQS-News: ams-OSRAM AG / Key word(s): Financing
   ams OSRAM successfully completes its comprehensive financing plan reaching
   a healthy capital structure

   13.12.2023 / 08:04 CET/CEST
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   ams OSRAM successfully completes its comprehensive financing plan reaching
   a healthy capital structure

     • In total, approx. EUR 2.25 bn raised
     • Completion of rights issue with gross proceeds of approx. EUR 808 mn
     • Placement of new unsecured senior notes of approx. EUR 1 bn
     • Asset-level transactions with proceeds of approx. EUR 450 mn
     • Previously outstanding unsecured senior notes, due in 2025, redeemed
     • Pro-forma net-debt to adjusted EBITDA ratio of 2.1x based on Q3 / 2023
       figures 

    

   Premstaetten, Austria, and Munich, Germany (13 December 2023) -- ams OSRAM
   (SIX: AMS) announces the successful completion of its comprehensive
   financing plan announced on 27 September 2023.

   “With the holistic financing plan concluded, we put our balance sheet on a
   solid footing, with reduced net debt and a well-balanced maturity profile.
   We can now fully concentrate on executing our strategy for growth, higher
   profitability and monetizing innovation. Step by step, we are bringing the
   company on track to reach an investment grade profile. On behalf of the
   entire management team I would like to extend my gratitude to all our
   stakeholders for the confidence given to ams OSRAM”, says Aldo Kamper, CEO
   of ams OSRAM.

   ams OSRAM announces the successful completion of its  rights issue raising
   gross proceeds of approximately CHF 781 million (approximately EUR 808
   million), the closing of which also triggered the release from the
   segregated account of the proceeds from the recently priced senior
   unsecured notes for an amount of EUR 1 billion (equivalent), as
   communicated on 16 November 2023.

   With these steps ams OSRAM successfully concludes the comprehensive
   financing plan announced on 27 September 2023. In this process, the
   company raised in total approximately EUR 2.25 billion via the rights
   issue, the issuance of new senior unsecured notes and certain
   infrastructure related asset transactions of around EUR 450 million that
   were announced on 30 October 2023.

   Due to the upsized senior unsecured notes offering and upsized asset level
   transactions, the originally planned additional financings (equivalent of
   EUR 350 million as announced on 27 September 2023) to be completed in 2024
   will no longer be required.

   With the successful completion of its comprehensive financing plan, ams
   OSRAM features a pro-forma net-debt to adjusted EBITDA ratio of 2.1x on
   based on Q3 / 2023 figures. The company works towards reaching an
   investment grade profile by 2026 through executing its
   “Reestablish-the-Base” program and executing its growth strategy,
   underpinned by strong design-wins.

   ams OSRAM used parts of the proceeds from the comprehensive financing plan
   to redeem in full its outstanding USD 450,000,000 7% Senior Notes due 2025
   and EUR 850,000,000 6% Senior Notes due 2025. These notes were redeemed,
   including accrued interest and call premium.

   Furthermore, the company intends to use the remainder of the proceeds to
   repay certain other debt becoming due until the end of 2025, fund general
   corporate purposes, and pay related fees and expenses.

    

   ###

   Important notice:

    

   This press release is for informational purposes only and does not
   constitute an offer to sell nor a solicitation to buy securities. The
   securities mentioned in this press release have already been sold.

   This announcement does not constitute or form a part of any offer or
   solicitation to purchase or subscribe for securities in the United States
   of America, Australia, Canada or Japan, or any other jurisdiction in
   which, or to any person to whom, such offer or solicitation may be
   unlawful. Any failure to comply with these restrictions may constitute a
   violation of United States of America, Australian, Canadian, Japanese or
   other applicable securities laws.

   The shares of ams OSRAM have not been and will not be registered under the
   U.S. Securities Act of 1933, as amended (the "Securities Act") or the
   securities laws of any state of the United States of America and may not
   be offered or sold within the United States of America except pursuant to
   an applicable exemption from, or in a transaction not subject to, the
   registration requirements of the Securities Act and applicable state or
   local securities laws. There has not been a public offering of shares in
   the United States of America.

   This announcement is not a prospectus for the purposes of Regulation (EU)
   2017/1129 (the “Prospectus Regulation”) or Regulation (EU) 2017/1129 as it
   forms part of domestic law in the United Kingdom by virtue of the European
   Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”), and as such
   does not constitute an offer to sell or the solicitation of an offer to
   purchase securities of ams OSRAM.

   This announcement is not a prospectus according to Articles 35 et seqq. of
   the Swiss Financial Services Act (the “FinSA”) and does not constitute and
   shall not, in any circumstances, constitute a public offering nor an
   invitation to the public in connection with any offer within the meaning
   of the FinSA. The offer has been made solely by means of, and on the basis
   of, the prospectus published for such purpose which is available free of
   charge from ams-OSRAM AG and UBS AG (swiss-prospectus@ubs.com) during
   regular business hours, or on the ams OSRAM website
   (https://ams-osram.com/investor-relations).

   This announcement may contain statements about ams-OSRAM AG (the
   “Company,” and together with its subsidiaries, the “Group”) or the Group
   that are or may constitute or include forward-looking statements.
   Forward-looking statements are statements that are not historical facts
   and may be identified by words such as “plans”, “targets”, “aims”,
   “believes”, “expects”, “anticipates”, “intends”, “estimates”, “will”,
   “may”, “continues”, “should” and similar expressions. These
   forward-looking statements reflect, at the time made, the Group’s beliefs,
   intentions and current targets/aims concerning, among other things, the
   Company’s or the Group’s results of operations, financial condition,
   liquidity, prospects, growth and strategies. Forward-looking statements
   include statements regarding: objectives, goals, strategies, outlook and
   growth prospects; future plans, events or performance and potential for
   future growth; economic outlook and industry trends; developments of the
   Company’s or the Group’s markets; and the strength of the Company’s or any
   other member of the Group’s competitors. Forward-looking statements
   involve risks and uncertainties because they relate to events and depend
   on circumstances that may or may not occur in the future. The
   forward-looking statements in this announcement are based upon various
   assumptions, many of which are based, in turn, upon further assumptions,
   including without limitation, management’s examination of historical
   operating trends, data contained in the Group’s records and other data
   available from third parties. Although the Group believes that these
   assumptions were reasonable when made, these assumptions are inherently
   subject to significant known and unknown risks, uncertainties,
   contingencies and other important factors which are difficult or
   impossible to predict and are beyond its control. Forward-looking
   statements are not guarantees of future performance and such risks,
   uncertainties, contingencies and other important factors could cause the
   actual outcomes and the results of operations, financial condition and
   liquidity of the Company and other members of the Group or the industry to
   differ materially from those results expressed or implied in this
   announcement by such forward-looking statements. No assurances can be
   given that the forward-looking statements will be realized. The
   forward-looking statements speak only as of the date of this announcement.
   The Group expressly disclaims any obligation or undertaking to release any
   updates or revisions to any forward-looking statements to reflect any
   change in the Group’s expectations with regard thereto or any changes in
   events, conditions or circumstances on which any forward-looking
   statements are based. No representation or warranty is made that any of
   these forward-looking statements or forecasts will come to pass or that
   any forecast result will be achieved. Undue influence should not be given
   to, and no reliance should be placed on, any forward-looking statement.

    

   About ams OSRAM

   The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors
   and emitters. By adding intelligence to light and passion to innovation,
   we enrich people’s lives.

    

   With over 110 years of combined history, our core is defined by
   imagination, deep engineering expertise and the ability to provide global
   industrial capacity in sensor and light technologies. We create exciting
   innovations that enable our customers in the automotive, industrial,
   medical and consumer markets to maintain their competitive edge and drive
   innovation that meaningfully improves the quality of life in terms of
   health, safety and convenience, while reducing impact on the environment.

    

   Our around 20,000 employees worldwide focus on innovation across sensing,
   illumination and visualization to make journeys safer, medical diagnosis
   more accurate and daily moments in communication a richer experience. Our
   work creates technology for breakthrough applications, which is reflected
   in over 15,000 patents granted and applied. Headquartered in
   Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
   the group achieved over EUR 4.8 billion revenues in 2022 and is listed as
   ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).

    

   Find out more about us on [1]https://ams-osram.com

    

   ams is a registered trademark of ams-OSRAM AG. In addition, many of our
   products and services are registered or filed trademarks of ams OSRAM
   Group. All other company or product names mentioned herein may be
   trademarks or registered trademarks of their respective owners. 

    

   Join ams OSRAM social media channels: [2]>Twitter  [3]>LinkedIn 
   [4]>Facebook  [5]>YouTube

   For further information

    

   Investor Relations   Media Relations       

   ams-OSRAM AG     ams-OSRAM AG   

   Dr Juergen Rebel    Bernd Hops   

   Senior Vice President    Senior Vice President   

   Investor Relation    Corporate Communications 

   T: +43 3136 500-0                    T  +43 3136 500-0  

   [6]investor@ams-osram.com   [7]press@ams-osram.com     

    

    

    

   ══════════════════════════════════════════════════════════════════════════

   13.12.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     ams-OSRAM AG
                Tobelbader Straße 30
                8141 Premstaetten
                Austria
   Phone:       +43 3136 500-0
   E-mail:      investor@ams-osram.com
   Internet:    https://ams-osram.com/
   ISIN:        AT0000A18XM4
   WKN:         A118Z8
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
                Exchange (Vienna MTF)
   EQS News ID: 1795279


    
   End of News EQS News Service


   1795279  13.12.2023 CET/CEST

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d3a037c64875941641231f2939f6c402&application_id=1795279&site_id=apa_ots_austria&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=abc52aadd1b09e752093ca366793ed46&application_id=1795279&site_id=apa_ots_austria&application_name=news
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2e38dcb34f79060ddc9490cdb693d91b&application_id=1795279&site_id=apa_ots_austria&application_name=news
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fee19590191b3da17836d1a1e69e8177&application_id=1795279&site_id=apa_ots_austria&application_name=news
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=928a9cd78ac8af8e0181c5f67885e5fb&application_id=1795279&site_id=apa_ots_austria&application_name=news
   6. mailto:investor@ams-osram.com
   7. mailto:press@ams-osram.com

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print