AMSSY - ams AG prices ~EUR750M convertible bonds; strong Q4 outlook

ams AG (AMSSY) has priced its ~EUR 750 million of guaranteed convertible bonds due 2027 by way of private placement.Net proceeds of the bonds will be used for general corporate purposes. The bonds will bear interest rate of 1.875% - 2.375% per annum, payable semi-annually in arrear.Bonds will be issued at 100% of their principal amount and, if not converted, will be redeemed at 100% of their principal amount subject to the share redemption option in accordance with the terms and conditions of the bonds.The Bonds will be convertible into new and/or existing ordinary shares equal to or up to 10% of the current issued share capital. Subscription rights of existing shareholders of ams to subscribe to the Bonds have been excluded. The Bonds will be offered with a conversion premium of between 45%-50% . ams will be entitled to redeem the Bonds at their principal amount plus accrued interest in accordance

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ams AG prices ~EUR750M convertible bonds; strong Q4 outlook