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26 April 2012
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Faurecia to offer €250 Million 2019 Notes
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Faurecia announced today its intention to raise €250 million of new Senior Notes due 2019.
Faurecia will use the net proceeds of the offering of these 2019 Notes primarily to reduce its outstanding debt, including the repayment of part of the revolving indebtedness under its corporate €1,150 million Senior Credit Facility. To preserve liquidity, Faurecia does not intend to reduce the commitments thereunder, and repaid amounts may be redrawn in the future. These 2019 Notes will also enable Faurecia to extend its debt maturity profile and diversify its sources of funding.
Faurecia had successfully issued in November 2011 €350 million of Notes maturing in December 2016, which were listed on November 9, 2011. An additional €140 million principal amount of Notes maturing in December 2016 were issued on February 21, 2012.
>> Read the complete press release
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