Finance
Press Release
Finance
Press Release
FORVIA further improves its debt profile by using the €600m proceeds from its new senior notes due 2031 and available cash to repurchase €700m of bonds maturing in 2027
With the success of the cash tender offers for the repurchase of FORVIA’s outstanding 2.750% Sustainability-Linked Notes due 2027 and its outstanding 2.375% Notes due 2027, and using available cash, FORVIA decided to increase the maximum amount of the 2027 Sustainability-Linked Notes and 2027 Senior Notes to be accepted for purchase in the Tender Offers from €600 million to €700 million in aggregate principal amount.
The Tender Offers reduce the outstanding amount of the 2027 Sustainability-Linked Notes from €900 million to €700 million and the outstanding amount of the 2027 Senior Notes from €890 million to €390 million.
The settlement date for the Tender Offers is expected to be 15 September 2025, or as soon as reasonably practicable thereafter.
IMPORTANT NOTICE
Nothing herein shall be construed as an offer to purchase or a solicitation of an offer to sell or buy any notes, including the 2027 Sustainability-Linked Notes and/or the 2027 Senior Notes. Nothing herein constitutes a notice of redemption for the 2027 Sustainability-Linked Notes and/or the 2027 Senior Notes.
It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale in Canada, Japan or Australia.
Neither the content of FORVIA’s website nor any website accessible by hyperlinks on FORVIA’s website is incorporated in, or forms part of, this announcement. The distribution of this announcement into any jurisdiction may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions.
Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, no money, securities or other consideration will be accepted.
