Finance
Press Release
Finance
Press Release
FORVIA prices an inaugural 5-year dollar bond issuance of $500 million senior Notes
FORVIA has priced U.S. $500 million of 8.00% senior notes due 2030. This transaction is the inaugural dollar bond issuance by FORVIA and follows the €750 million bond issuance on March 24, 2025. After successful debt issuances on the Japanese bond market (Samurai) and the Schuldschein private placement market, it contributes to a further diversification of FORVIA’s funding sources.
The new senior notes obtained credit ratings of “BB+” by Fitch Ratings, “B1” by Moody’s and “BB-” by Standard & Poor’s.
FORVIA intends to use the proceeds of the offering of the new notes to repay existing maturities (each in full or in part).
An application will be made to list the new notes on the official list of Euronext Dublin (Global Exchange Market). The settlement of the new notes is expected to occur on April 4, 2025.
Olivier Durand, Chief Financial Officer of FORVIA, declared: “I would like to thank our new credit investors for their trust in FORVIA’s signature. Not only does this inaugural bond contribute to our active refinancing strategy, but it also allows the Group to further expand its investor base, consistently with its global footprint.”
