• WKN: LED400
  • ISIN: DE000LED4000
  • Land: Deutschland

Nachricht vom 14.09.2020 | 12:35

OSRAM Licht AG: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

OSRAM Licht AG / Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act]
14.09.2020 / 12:35
Dissemination of a Related Party Transactions announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

OSRAM Licht AG: Publication of material transactions with related parties pursuant to section 111c of the German Stock Corporation Act (AktG)


OSRAM GmbH, a subsidiary of OSRAM Licht AG (the Company), entered into a loan agreement as borrower on 11 September 2020 with ams AG as lender. According to the present knowledge of the Company, ams AG currently holds indirectly, via ams Offer GmbH, approx. 71% of outstanding OSRAM-shares and is therefore a related party of the Company pursuant to section 111a AktG. As the competent body of the Company's supervisory board, the audit committee has approved the entry into the contract on 7 September 2020.

Pursuant to the loan agreement, ams AG as lender to OSRAM GmbH will provide an unsecured credit facility with a maturity of twelve months (with a single extension option for further six months) of in total up to EUR 1,050,000,000, consisting of a term loan of EUR 600,000,000 and a revolving cash credit line of up to EUR 450,000,000 with an EURIBOR interest rate plus a margin between 2 and 4.5%, depending upon the Company's debt ratio. In addition, the Company will pay an upfront fee of 0.4% of the total credit amount and a commitment fee of 30% of the applicable margin. The Company and certain material subsidiaries of the Company acceded to this loan agreement, as well as certain financing contracts of ams AG, as guarantors, whereby the guarantee liability is limited to the amount which the respective guarantor actually has received concretely, if there would otherwise be a violation of application capital maintenance provisions.

On the basis of the available market data, the terms meet an arm's lengths test in respect to the commercial as well as documentational conditions of the financing. The financing agreement includes information obligations, general and financial obligations and events of default, that are each comparable with market standard bank-financing conditions. The Company is permitted to make early repayments (taking into account prepayment penalties, if any) under certain conditions, and it may cancel the commitments (in whole or in part). The Company is obliged to repay if certain other financing sources are available to it. The Company was supported in the preparation of the conclusion of the contract by independent external experts.

Munich, 14 September 2020


Managing Board

14.09.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

show this

ESG-Whitepaper im Fokus

The Corporate ESG Guide: A 360 view on the current landscape and trends

Die ESG-Kriterien (Environmental, Social and Governance) werden auch für Emittenten immer wichtiger, wenn sie für Investoren attraktiv bleiben wollen. In dem Whitepaper “The Corporate ESG Guide: A 360 view on the current landscape and trends” beantworten die Experten von Investor Update grundlegende Fragen von Emittenten. Außerdem kommen Vermögensverwalter, Unternehmensberater Manager und ESG-Ratingagenturen zu wichtigen ESG-Themen zu Wort.


"GBC Best of m:access 2020": Neue vielversprechende Auswahl

Unsere letztjährige „GBC Best of m:access“-Auswahl hat sich mit einer Performance von über 50 % überdurchschnittlich stark entwickelt und alle relevanten Indizes hinter sich gelassen. Im Rahmen der vorliegenden aktualisierten Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte Selektion, die weiterhin 15 Unternehmen umfasst. Die aktuellen Einschätzungen zu den Einzeltiteln und auch weitere Informationen zur Entwicklung des m:access sind in der vollständigen Studie „GBC Best of m:access 2020“ enthalten.

News im Fokus

Vonovia SE: Als Dank für außergewöhnliche Leistung: Vonovia zahlt Belegschaft Corona-Prämie (News mit Zusatzmaterial)

24. November 2020, 15:17

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

25. November 2020