Tag Archives: CapLaw-2023-73
[ams Osram’s Rights Issue
On 11 December 2023, ams Osram, which is listed on the SIX Swiss Exchange, completed a rights issue with proceeds of approximately CHF [775] million. ams OSRAM intends to use the proceeds to redeem its outstanding senior notes. The rights issue consisted of a rights offering to existing shareholders, subject to certain limitations based on residency, and an international offering, in which the offered shares in respect of which rights have not been validly exercised were sold to institutional investors or otherwise in the market. UBS, HSBC and Morgan Stanley acted as Joint Global Coordinators in this transaction.]