Autoneum Rights Offering
Autoneum Holding AG, headquartered in Winterthur, Switzerland, and listed on the SIX Swiss Exchange under the ticker symbol AUTN, completed on 2 October 2023 its rights offering launched on 14 September 2023, with net proceeds of approximately CHF 100 million. The net proceeds will be used to partially repay the bridge loan which Autoneum entered into to provide financing for its acquisition of the Borgers’ automotive business.
Autoneum is a global leader in acoustic and thermal management for vehicles. It operates 67 production facilities worldwide and employs around 16 600 people in 24 countries.
Lenz & Staehelin acted as legal counsel to UBS Investment Bank in this transaction.
Published: 2 October 2023
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