Deals & Cases

Schellenberg Wittmer advises ams AG on its issuance of Convertible Bonds in the amount of EUR 760 million

27.10.2020

On 27 October 2020, SIX-listed ams AG, Premstätten, Austria, a leading worldwide supplier of high performance sensor solutions, issued EUR 760 million 2.125% bonds due 2027 and convertible into ordinary shares of ams AG. The bonds have been admitted to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. HSBC, Morgan Stanley and UBS have acted as Joint Global Coordinators and Joint Bookrunners and Commerzbank, Crédit Agricole CIB, Deutsche Bank, and UniCredit have acted as Joint Bookrunners.

Schellenberg Wittmer acted as Swiss legal counsel to ams on this transaction. The team included Philippe Borens, Shawn Richard Gregory, Fabio Elsener (all Banking & Finance / Capital Markets), Lorenzo Olgiati and Pascal Hubli (both Corporate / M&A) and Michael Nordin and Roland Wild (both Taxation).

 

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