July 13, 2020 / 5:47 PM / a month ago

Austria's AMS successfully sells additional senior 2025 notes

FILE PHOTO: The Logo of Austrian sensor specialist AMS is seen on their factory in Unterpremstaetten, Austria October 3, 2019. REUTERS/Leonhard Foeger

VIENNA (Reuters) - Austrian sensor maker AMS (AMS.S) (AMS.VI) 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 (OSRn.DE) 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.

Reporting by Kirsti Knolle

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