FORVIA Announces EUR 200 Million Senior Notes Offering

FORVIA, a major player in automotive technology, has announced plans to offer an additional EUR 200 million in senior notes due in 2030. These new notes will merge with the existing EUR 750 million notes issued earlier this year. The funding strategy hinges on favorable market conditions.

The proceeds from this offering aim to repurchase FORVIA's 2.750% Sustainability-Linked Notes due in 2027. This move will occur through a cash tender offer which begins today, subject to the successful completion of the new notes offering. The tender offer will determine the repurchase volume, aligning it with the principal amount of the new notes.

FORVIA targets select markets, adhering to regulations regarding the distribution of these notes, excluding retail investors in specific jurisdictions.