Faurecia successfully prices €700 million of 3.75% senior notes due 2028 and an additional €300 million of 2.625% senior notes due 2025
Not for distribution, directly or indirectly, in the United States, Canada, Australia or Japan.
Faurecia announces the success of the above transaction, launched today. Faurecia priced the 2028 Notes at 3.75%, and the New 2025 Notes at 97.50% of par, or a yield of [3.18]%.
The issuance of the 2028 Notes and New 2025 Notes is intended to refinance in full the €800 million club deal loan entered into on 10 April 2020. The excess cash remaining will be used for general corporate purposes.
An application has been made to list the Notes on Euronext Dublin (Global Exchange Market). The settlement of the Notes is expected to occur on 31 July 2020.