on FAURECIA (EPA:EO)
FORVIA raises €600 million in senior bonds
FORVIA, a major player in the automotive technology sector, has successfully placed €600 million in senior bonds at a rate of 5.375%, maturing in 2031. The issue, initially planned at €500 million, was increased following strong investor demand.
The bonds were rated "BB+" by Fitch Ratings, "B1" by Moody's and "BB-" by Standard & Poor's. The funds raised are intended to repurchase certain of its previous financial commitments, notably those maturing in 2027, and to cover related expenses.
In addition, an application for admission to the official listing of Euronext Dublin has been submitted, with delivery expected on September 15, 2025.
R. P.
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