FORVIA to offer €800 million of senior notes due 2029 and senior notes due 2031

FORVIA has announced today that it will make an offering of €800 million of senior notes due 2029 (the “2029 Notes”) and of senior notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “New Notes”). The completion of the offering of the New Notes is subject to market conditions.

FORVIA intends to use the proceeds of the offering of the New Notes to (i) fund the repurchase of the FORVIA’s 2.625% senior notes due 2025 (the “2025 Notes”) and FORVIA’s 7.250% sustainability-linked notes due 2026 (the “2026 Sustainability-Linked Notes” and, together with the 2025 Notes, the “Existing Notes”) accepted for purchase in tender offers (the “Tender Offers”), (ii) pay fees and expenses incurred in connection with the Tender Offers, including net premiums and accrued and unpaid interest on the Existing Notes, and the offering of the New Notes, and (iii) to repay certain outstanding indebtedness of the Issuer or any of its subsidiaries.

The Tender Offers were launched today and remain subject to conditions, such as the completion of the offering of the New Notes. FORVIA plans to repurchase Existing Notes. The final amounts accepted in the Tender Offers will be subject to the final amounts of tenders received.