Forvia Prices USD 500 Million in Senior Notes, Expands Investor Base

Forvia, a global automotive technology supplier, announced the successful pricing of USD 500 million in senior notes due 2033. This marks the company's second U.S. dollar bond issuance, following a similar issuance in March. The notes carry a 6.750% interest rate and have been rated “BB+” by Fitch Ratings, “B1” by Moody’s, and “BB-” by Standard & Poor’s.

The proceeds from this transaction will be used to repay existing long-term debts, allowing Forvia to extend its debt maturity profile. The issuance was significantly oversubscribed, evidencing broad interest from U.S. institutional investors. The company intends to list these notes on Euronext Dublin, with settlement expected on September 23, 2025.

This move is part of Forvia's strategy to diversify its funding sources and expand its investor base. The diversification effort aligns with the company's ongoing growth and innovation initiatives in the automotive sector.