Linklaters advises banking syndicate on AT&S hybrid bond

Linklaters has advised the banking syndicate, comprising J.P. Morgan, Deutsche Bank, Citigroup, Erste Group and Raiffeisen Bank International, on the placement of a subordinated perpetual convertible bond issued by AT&S Austria Technologie & Systemtechnik, with a total nominal amount of €400 million at a denomination of €100,000 per bond. The hybrid instrument will be convertible into new and/or existing ordinary bearer shares of the company for a limited period.

AT&S intends to apply the net proceeds from the issuance to general corporate purposes, including the refinancing of existing indebtedness and the strengthening of its capital base.

Linklaters team

The Linklaters team was led by partner Alexander Schlee (capital markets, Frankfurt, pictured), supported by managing associate Catrin Retzmann and associate Tim Westenberger, both from the capital markets practice in Frankfurt.