FORVIA has successfully priced one billion euros in aggregate principal amount of senior
notes consisting of €500 million 5.125% senior notes due 2029 and €500 million 5.50%
senior notes due 2031.

Taking into consideration the interest rate pre-hedging arrangement executed in
December 2023 and January 2024, the economic yield of the new notes for FORVIA
amounts to 4.96% for the notes due 2029 and 5.37% for the notes due 2031 (on a nonIFRS basis).

Both tranches of the new senior notes obtained credit rating in line with the long-term
credit rating of FORVIA (i.e. “BB+” by Fitch Ratings, “Ba2” by Moody’s and “BB” by Standard
& Poor’s).

FORVIA intends to use the proceeds of the offering of the new notes to fund the
repurchase of its 2.625% senior notes due 2025 and 7.250% sustainability-linked notes
due 2026 accepted for purchase in tender offers, to repay certain outstanding
indebtedness, and pay premiums and accrued interest in connection with those
transactions.

The tender offers on the existing notes launched on 28 February 2024 remain subject to
conditions, such as the completion of the offering of the new notes. The final amounts
accepted in the tender offers will be subject to the final amounts of tenders received.
The results of the tender offers are expected to be published on the 7th of March.

These transactions allow the Group to efficiently manage its liabilities and extend its debt
average maturity.

An application will be made to list the new notes on the official list of Euronext Dublin
(Global Exchange Market). Settlements of the new notes and the tender offers on existing
notes are expected to occur on 11 March 2024.