ams AG’s USD 350 million senior unsecured convertible notes offering

SIX Swiss Exchange-listed ams AG, a leading worldwide supplier of high-performance sensor solutions headquartered in Austria, has announced the successful placement of senior unsecured convertible bonds due 2022 in an aggregate nominal amount of USD 350 million and a denomination of USD 200,000 each.

The bonds are quoted on the open market segment of the Frankfurt Stock Exchange, and convertible into 3.27 million new ordinary no par value bearer shares (listed on SIX), which will originate in general from the company’s conditional capital, representing approximately 3.9% of the current outstanding share capital.

For the Swiss law aspects of this transaction, including the formal listing of the underlying shares and the conversion mechanics, Schellenberg Wittmer has acted as Swiss legal counsel to ams AG.

The team consisted of partners Philippe Borens (Banking/Finance; overall lead), Lorenzo Olgiati (Corporate/M&A) and Michael Nordin (Tax), and associates Fabio Elsener, Cornelia Jurt (both Banking/Finance) and Roland Wild (Tax).

Involved fees earner: Philippe Borens – Schellenberg Wittmer; Fabio Elsener – Schellenberg Wittmer; Cornelia Jurt – Schellenberg Wittmer; Roland Wild – Schellenberg Wittmer; Michael Nordin – Schellenberg Wittmer; Lorenzo Olgiati – Schellenberg Wittmer;

Law Firms: Schellenberg Wittmer;

Clients: ams AG;