ams-OSRAM: The New Photonics Favorite Breaks to 52-Week Highs. The Reasons!

The semiconductor company ams-OSRAM (i) is making a bold move on the financial front. As announced on May 18, 2026, a new senior unsecured bond worth €700 million will be issued, with a maturity until 2032. The proceeds will, along with existing cash, be used to fully and prematurely redeem the extremely expensive US dollar bond of $750 million, which has a coupon of 12.250% and was due in 2029. This balance sheet relief is complemented by a successful extension of the existing revolving credit facility of €600 million. The AI Bottleneck as...