May 7 (Reuters) – Forvia SE:
* IMPROVES ITS DEBT PROFILE BY USING THE PROCEEDS FROM ITS ISSUANCE OF ADDITIONAL SENIOR BONDS DUE 2031 TO PARTIALLY REFINANCE ITS 2026 BONDS LINKED TO SUSTAINABLE DEVELOPMENT
* ISSUANCE OF EUR 200 MILLION ADDITIONAL SENIOR BONDS AT A RATE OF 5.500% DUE 2031 AT 101.75% OF PAR, OR A YIELD OF 5.20%
* PROCEEDS FROM THIS ISSUE WAS DESTINED FOR THE REDEMPTION OF EUR 250 MILLION BONDS LINKED TO SUSTAINABLE DEVELOPMENT AT A RATE OF 7.250% DUE 2026 AS PART OF A REDEMPTION OFFER, REDUCING THE GROUP’S GROSS DEBT Original text on Workspace For more details, click on (Gdansk editorial office)
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