Faurecia announced today the successful pricing and execution of an additional €140 million in aggregate rincipal amount of its 9.375% Senior Notes due 2016.
The additional Notes will be issued at 107.5% of par value, plus accrued interest and at a yield to maturity of 7.48%. An application has been made to list the additional Notes on the Luxemburg Stock Exchange (Euro MTF). The issue of the additional Notes is expected to occur on February 21,2012. The additional Notes will be fully fungible with the existing Notes after March 25, 2012, i.e. 40 days after commencement of the offering.
Faurecia had successfully issued in November 2011 €350 million of Notes maturing in December 2016, which were listed on the Euro MTF market on November 9, 2011.
Crédit Agricole CIB and Natixis acted as Joint Global Coordinators and Joint Bookrunners for the additional Notes offering. BNP Paribas and Société Générale Corporate & Investment Banking acted as Joint Bookrunners. Citibank acted as Co-Manager.