Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Osram Raises 1.25 Billion-Euro Bank Loan Before Siemens Spinoff

Osram GmbH, the lighting unit of Siemens AG, raised 1.25 billion euros ($1.6 billion) of debt from banks ahead of its planned spinoff.

The five-year deal comprises a 300 million-euro term loan and a 950 million-euro credit line, the Munich-based company said in a statement. The term loan will be partly used to repay Siemens, it said.

The loans “ensure that Osram has sufficient funding capability and ample flexibility” after its exit from Siemens, Klaus Patzak, Osram’s chief financial officer, said.

Siemens won backing from 98 percent of shareholders in January to separate from Osram. Earlier this month, some shareholders of Europe’s largest engineering company filed a motion against the move, preventing Osram’s shares from being listed in April.

The debt was arranged by Commerzbank AG, Deutsche Bank AG, Goldman Sachs Group Inc., UBS AG and UniCredit SpA, according to the statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.