ams-OSRAM successfully completed its holistic financing plan, which consisted, among others, of a rights offering and the placement of high-yield bonds. In connection with the rights-offering, ams-OSRAM raised gross proceeds of approximately EUR 808 million. From the placement of the high-yield bonds, the company received gross proceeds in an amount equivalent to EUR 1 billion. The rights offering consisted of a hard underwriting by the banking syndicate.
Advestra acted as Swiss legal counsel to HSBC, Morgan Stanley and UBS as well as the other members of the banking syndicate. The team included Annette Weber (pictured left), Thomas Reutter (pictured right), Valérie Bayard, Samuel Fäh and Milan Schéda (all capital markets) as well as Céline Martin (Tax).