Corporate
Press Release
Corporate
Publication
Faurecia strengthens its liquidity with a private placement
As announced on January 20, 2021, Faurecia has successfully placed an additional issue of bonds due 2027 through a private placement for an amount of 190 million euros (yield at issue of 2.25%).
This transaction is part of the Group's financial strategy, which aims to strengthen liquidity, permanently optimize the profile of long-term debt by maintaining an average maturity of over 5 years, and by limiting its cost, which is currently around 2.80%.
As of December 31, 2020, the group had liquidity of more than 3 billion euros, on top of a fully available syndicated line of credit of 1.2 billion euros due in June 2024.
