Austria's AMS successfully sells additional senior 2025 notes

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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 (DE:OSRn) 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.