May 20, 2025
Willkie has advised London-based hedge fund Kite Lake Capital Management (“Kite Lake”), as a holder of convertible bonds issued by ams-OSRAM AG (“ams-OSRAM”).
Our multi-disciplinary team across Willkie’s London and German offices advised Kite Lake on ams-OSRAM’s German-law bond amendment process. This has resulted in Kite Lake issuing terms which have achieved ams-OSRAM’s support.
If accepted by the requisite majority of convertible bondholders, Kite Lake’s terms will result in improved financial terms and credit protection for all convertible bondholders.
Willkie’s deal team was led by Edward Downer and Wolfram Prusko, supported by associates Isabel Langlois and Joachim Glöckler. Capital markets advice was provided by partners Jennifer Tait, Henrietta de Salis and Simon Weiss, and associate Martin Kalbhenn.
Our multi-disciplinary team across Willkie’s London and German offices advised Kite Lake on ams-OSRAM’s German-law bond amendment process. This has resulted in Kite Lake issuing terms which have achieved ams-OSRAM’s support.
If accepted by the requisite majority of convertible bondholders, Kite Lake’s terms will result in improved financial terms and credit protection for all convertible bondholders.
Willkie’s deal team was led by Edward Downer and Wolfram Prusko, supported by associates Isabel Langlois and Joachim Glöckler. Capital markets advice was provided by partners Jennifer Tait, Henrietta de Salis and Simon Weiss, and associate Martin Kalbhenn.
