Faurecia to offer new euro senior notes due 2027 (the "2027 notes") in order to refinance its 3.625% notes due June 2023
Faurecia has also mandated BNP Paribas and Natixis as Dealer Managers and intends to exchange the 2027 Notes for its €700 million 3.625% Notes due June 2023 ("2023 Notes") tendered in the context of a cash tender offer by BNP Paribas, as offeror, subject to a maximum tender amount announced today (the "Tender Offer"). The issuance of the 2027 Notes is intended to extend Faurecia’s debt maturity profile and strengthen Faurecia’s balance sheet.
In addition, if the proceeds of the 2027 Notes are greater than the principal amount of 2023 Notes which are accepted pursuant to the Tender Offer, Faurecia intends to redeem the remaining 2023 Notes that are not tendered and accepted in the Tender Offer up to the aggregate principal amount of the 2027 Notes, less the aggregate principal amount accepted for purchase pursuant to the Tender Offer.
In connection with the offering of the 2027 Notes, Faurecia disclosed certain information to prospective holders of the 2027 Notes. A copy of such information is available on the link hereto (Exhibit A).