Faurecia successfully prices €1,200 million of senior sustainability-linked notes due 2027 (the "sustainability-linked notes")
Faurecia will use the net proceeds of the offering of the Sustainability-Linked Notes to pre-finance part of the cash portion of the purchase price for the contemplated acquisition of Hella. On August 14, 2021, Faurecia announced its intention to combine Faurecia and Hella in order to create a global leader in fast-growing automotive technologies, fully aligned with industry megatrends. This will lead to the creation of the #7 global automotive supplier, with a highly advanced technology portfolio and a strong value creation for all its shareholders.
The launch of this inaugural Sustainability-Linked Notes issue is fully in line with Faurecia’s commitment to a sustainable future, and in particular with the Group’s ambition to be CO2 neutral on its scopes 1 and 2 by 2025. The Sustainability Performance Target in the Sustainability-Linked Notes is linked to our objective to be CO2 neutral on our Scopes 1 and 2 by 2025 from a 2019 base year.
The Sustainability-Linked Financing Framework has been reviewed by ISS ESG, the Second Party Opinion provider, which assessed the contribution of the Faurecia’s Sustainability-Linked Notes to the Sustainable Development Goals defined by the United Nations (UN SDGs) as having a “Significant Contribution” to “Affordable and Clean Energy” and “Climate action” goals.
An application has been made to list the Sustainability-Linked Notes on the green segment of Euronext Dublin (Global Exchange Market). The settlement of the Sustainability-Linked Notes is expected to occur on 10 November 2021.
 In case Hella acquisition is not consummated, the net proceeds of the offering of the Sustainability-Linked Notes will be used to refinance, in whole or in part, one or more series of the existing notes or other long-term debt of Faurecia, including any related premiums, fees, costs and expenses.
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