Finance
Press Release
Finance
Press Release
FORVIA to offer EUR 500 million of senior Notes
FORVIA has announced today that it will make an offering of EUR 500 million in aggregate principal amount of senior notes due 2030 (the “Notes”). The completion of the offering of the Notes is subject to market conditions.
FORVIA intends to use the proceeds of the offering of the Notes to partially refinance its 3.125% Notes due 2026.
This transaction is part of the Group’s plan to repay long-term financial liabilities, which may include outstanding notes or other outstanding debt, to be financed through one or more issuances, including potentially shortly after the offering of the Notes, of debt securities in euros or other currencies, with various maturities, by the end of 2025.
