(CercleFinance.com) – Forvia announces that it has successfully placed a senior bond issue for an amount of one billion euros, including 500 million maturing in June 2029 at a rate of 5.125% and 500 million maturing in June 2031 at a rate of 5.50%.
The automotive supplier intends to use the proceeds from these issues to finance the repurchase of 2025 and 2026 bonds, offers which were launched on February 28 and remain subject to certain conditions, in particular the completion of the bond issues.
These operations allow Forvia to effectively manage its debt and extend the average maturity of its debt. Settlement and delivery of new bonds and repurchase offers on existing bonds is scheduled for March 11.
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