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Hogan Lovells advises AMA Group on its A $ 50 million convertible bond offering

By on October 6, 2021 0

Singapore, October 6, 2021 – A team of Singapore-based Hogan Lovells advised ASX-listed AMA Group Limited as UK legal counsel and SGX listing agent on its recent 50 million convertible bond offering in Australian dollars due 2027. The UK-regulated bonds have been offered in Reg S format to institutional investors and are convertible into ordinary shares of AMA Group Limited. The bonds are listed on Singapore Exchange Securities Trading Limited (SGX-ST).

The AMA Group is a leader in the Australian and New Zealand collision repair industry and associated auto parts market. This is the Group’s first convertible bond issue on the international capital markets, the net proceeds of which are intended to be used to definitively repay the debt facilities, for working capital and liquidity purposes (including including for COVID-19 related disruptions) and to support growth initiatives. .

Hogan Lovells’ team that advised AMA Group was led by Andy Ferris, Singapore Debt Capital Markets Partner, supported by Partner Felicia Chen.

“We had the pleasure of supporting the AMA Group and working with the other parties to the transaction on this important show,” said Andy Ferris. “We have been involved in a number of convertible bond issues by Australian companies over the past year and believe this is a structure well suited to the needs of issuers and investors alike, especially when the markets are unstable ”.

About Hogan Lovells’ Capital Markets Practice in Singapore

Our dedicated capital markets practice consists of a team of experienced lawyers with in-depth knowledge of Asia-Pacific markets.

The team has extensive experience advising issuers, underwriters and corporate service providers on complex and market-leading debt and equity transactions.

In partnership with our offices in Australia, Hong Kong, Jakarta and through our extensive network in Asia and beyond, we advise our clients on the full lifecycle of capital markets transactions, including in areas new issues, liability management, distress and default, restructuring and insolvency, and corporate trust counseling. Customers trust us and have confidence in our dedication to solving problems effectively and efficiently.

In the area of ​​new issues, our practice covers the full range of domestic and international direct debt and structured bond transactions, including stand-alone issues, debt programs, equity-linked securities, tailor-made private placements. and sustainable and impact financing. Our clients include large financial institutions and companies seeking financing in the capital markets and the underwriters and service providers facilitating this capital raising.