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FORVIA TO OFFER AN ADDITIONAL EUR 200 MILLION OF SENIOR NOTES DUE 2030
Globenewswire·2025-06-03 07:26

Core Viewpoint - Forvia is set to offer an additional EUR 200 million of senior notes due 2030, which will consolidate with existing notes of EUR 750 million due 2030 issued earlier in March 2025, contingent on market conditions [2][4]. Group 1: Offering Details - The new offering will amount to EUR 200 million in aggregate principal and is intended to be consolidated with previously issued senior notes [2]. - The completion of the new notes offering is subject to market conditions [2]. Group 2: Use of Proceeds - Proceeds from the new notes will be utilized to repurchase Forvia's outstanding 2.750% Sustainability-Linked Notes due 2027 through a cash tender offer [3]. - The repurchase amount of the 2027 Sustainability-Linked Notes is expected to match the principal amount of the new notes [4]. Group 3: Tender Offer Conditions - The tender offer for the 2027 Sustainability-Linked Notes launches concurrently with the new notes offering and is subject to conditions, including the successful completion of the new notes offering [4].