Hogan Lovells advises AMA Group on its AUD50m convertible bond offering

Singapore, 6 October 2021 – A Hogan Lovells team based in Singapore has advised ASX-listed AMA Group Limited, as English law counsel and SGX listing agent, on its recent AUD50 million convertible bond offering due 2027. The English-law governed bonds were 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 debut convertible bond issue in the international capital markets, the net proceeds of which are intended to be used to permanently repay debt facilities, for working capital purposes, liquidity (including for COVID-19 related disruption) and for supporting growth initiatives.

The Hogan Lovells team that advised the AMA Group was led by Singapore debt capital markets partner Andy Ferris, supported by associate Felicia Chen.

“It was our pleasure to support the AMA Group and to collaborate with the other transaction parties on this significant issuance”, said Andy Ferris. “We have been involved in a number of convertible bond issuances by Australian companies in the last year and we are confident that this is a structure well-suited to the needs of issuers and investors, particularly when markets are unsettled”.

About the Hogan Lovells capital markets practice in Singapore

Our dedicated capital markets practice consists of a team of experienced legal specialists with a deep understanding of the Asia Pacific markets.

The team has vast experience in advising issuers, underwriters, and corporate service providers on complex, market-leading debt and equity-linked deals.

In partnership with our offices in Australia, Hong Kong, Jakarta, and across our broader network in Asia and beyond, we advise our clients on the full life-cycle of capital markets transactions, including in the areas of new issuance, liability management, distress and default, restructuring and insolvency, and corporate trust advisory. Clients trust us and have confidence in our dedication to solving problems effectively and efficiently.

In the area of new issuances, our practice covers the full range of domestic and international straight debt and structured bond transactions, including standalone issuances, debt programmes, equity-linked securities, bespoke private placements, and sustainable and impact financing. Our clients include major financial institutions and corporates looking to obtain funding from the capital markets and the underwriters and service providers facilitating those capital raisings.


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