FORVIA Announces USD 500 Million Senior Notes Offering

FORVIA, the global automotive technology supplier, is set to raise USD 500 million through a senior notes offering due in 2030. This financial move is contingent upon favorable market conditions. The proceeds are earmarked for repaying existing debt. This offering complements their recent €750 million notes issuance and forms part of a broader strategy to manage long-term financial liabilities. The Group plans to utilize diverse currencies for future debt securities issuances.

The current offering adheres to regulatory exemptions, avoiding registration under the U.S. Securities Act. The distribution of these notes is limited to specific jurisdictions, excluding the United States, Canada, Japan, and Australia. Within the UK, the promotion of these notes is constrained by the Financial Services and Markets Act 2000, targeting only eligible professionals and entities.