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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
TECH
PRCD
AMSSW
ams AG-
2EMEA
Jul 13, 2020
currency
EUR
size (m)
200.000
maturity
Jul 31, 2025
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
Ba3
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
100.50-100.75
spread
647
coupon
6.000%
spread set
-
price
100.75000
yield
5.825%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
-
currency
USD
size (m)
50.000
maturity
Jul 31, 2025
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
Ba3
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
100.50-100.75
spread
651
coupon
7.000%
spread set
-
price
100.75000
yield
6.819%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S; Comments: ams AG (AMSSW) approx EUR244m 144A/Reg S sr notes 2-part. Ba3/BB-/BB- (negative/negative/stable). Via UBS (B&D)/HSBC (USD) joint physical books/glocos; BofA/Citi/Commerz, CA/DB/MS joint books, Erste as co-manager. No reg rights. List ISE. NY Law. Settles 07/20 (T+5). - EUR200m 144A/Reg S add-on to its 6.00% sr notes 07/31/25 (5y). NC2 (MWC B+50bp), then at 104.50, 101.50, 100. Equity claw: 2y 40% at 106.00. temporary ISIN: XS2207432092. Immediately 144A fungible, Reg S after 40 days (Reg S ISIN: XS2195511006) with the EUR650m issue priced 06/30/20. Px talk: 100.50-100.75. Final terms: EUR200m at 100.75. Priced: 6.00% at 100.75, 5.825% YTM. +647bp vs OBL 0.00% April 11, 2025.; Registration: 144A/Reg S; Comments: ams AG (AMSSW) approx EUR244m 144A/Reg S sr notes 2-part. Ba3/BB-/BB- (negative/negative/stable). Via UBS (B&D)/HSBC (USD) joint physical books/glocos; BofA/Citi/Commerz, CA/DB/MS joint books, Erste as co-manager. No reg rights. List ISE. NY Law.  Settles 07/20 (T+5).        - USD tranche added: USD50m add-on to its 7.00% due 07/31/25 (5y). NC2 (MWC T+50bp), then at 105.25, 101.750, 100. Equity claw: 2y 40% at 107.00. 144A ISIN: US03217CAA45. Immediately 144A fungible with the USD400m issue priced 06/30/20. Final terms: $50m at 100.75. Priced 7.00% at 100.75, 6.819% YTM. +651bp vs 0.25% 06/30/25.;
Deal Comments
ams AG (AMSSW) approx EUR244m 144A/Reg S sr notes 2-part. Ba3/BB-/BB- (negative/negative/stable). Via UBS (B&D)/HSBC (USD) joint physical books/glocos; BofA/Citi/Commerz, CA/DB/MS joint books, Erste as co-manager. No reg rights. List ISE. NY Law.  Settles 07/20 (T+5).    - EUR200m 144A/Reg S add-on to its 6.00% sr notes 07/31/25 (5y). NC2 (MWC B+50bp), then at 104.50, 101.50, 100. Equity claw: 2y 40% at 106.00. temporary ISIN: XS2207432092. Immediately 144A fungible, Reg S after 40 days (Reg S ISIN: XS2195511006) with the EUR650m issue priced 06/30/20. Px talk: 100.50-100.75. Final terms: EUR200m at 100.75. Priced: 6.00% at 100.75, 5.825% YTM. +647bp vs OBL 0.00% April 11, 2025.     - USD tranche added: USD50m add-on to its 7.00% due 07/31/25 (5y). NC2 (MWC T+50bp), then at 105.25, 101.750, 100. Equity claw: 2y 40% at 107.00. 144A ISIN: US03217CAA45. Immediately 144A fungible with the USD400m issue priced 06/30/20. Final terms: $50m at 100.75. Priced 7.00% at 100.75, 6.819% YTM. +651bp vs 0.25% 06/30/25. Books closed: EUR at 4pm UKT  (moved from 2:30pm UKT) today; US$ at 11am NYT today. UOP: GCP, including the refinancing of existing debt. Biz: global leader in sensor products, providing high-performance sensing technologies with a strategic focus on optical, image and audio sensing solutions for use across a variety of communications, consumer, automotive, industrial and medical end-markets. HQ: Permstaetten, Austria.

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