Q3 2023 Financial Performance and Strategic Highlights
Status update of EUR 2.25bn financing plan
Implementation well on track
Overview of holistic EUR 2.25bn financing plan
Equity
-
Discounted subscription rights offer of EUR 800mn, volume underwritten
Debt
Placement of new Senior Unsecured Notes with total volume of the order
of EUR 800mn, EUR and USD notes mixed
Asset transactions
- Including Sale and Leasebacks, around EUR 300mn
Rolling Credit Facility (RCF)
Status
EGM approved EUR 800mn rights offer
On 20 October 2023, ams OSRAM's shareholders approved the
management's proposal for a discounted rights offer of EUR 800mn,
Execution within six months following EGM approval
USD and EUR
- Will be collected on segregated account, proceeds released subject to
rights issue
Close to EUR 450mn in asset transactions signed
On 30 October 2023 ams OSRAM announced:
Signing of a sale and lease back of its new Kulim facility of c. 400m€,
conditional to successful rights issue
Divestment closing of a phased-out manufacturing facility located in
Asia
Extended to 2026, subject to rights issue
Expects core relationship banks to extend maturity of the existing EUR
800mn RCF
Financing in 2024
Remaining amount of up to EUR 350mn
State funding or grants
17
-
Mix of Senior Unsecured Notes, Convertible Bond and/or bi-lateral credit
lines, or other transactions, subject to market conditions
Subsidies in Germany (300m EUR IPCEI) and Malaysia approved
- Applied for additional grants under European Chips Act
amu OSRAMView entire presentation