FORVIA SENIOR BONDS
Not for distribution, directly or indirectly, in
the United States, Canada, Australia or Japan
NANTERRE (FRANCE)FEBRUARY 28st,
2024
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.
PRESS |
ANALYSTS/INVESTORS |
Christophe MALBRANQUEGroup Media Relations
Director+33 (0) 6 21 96 23 53christophe.malbranque@forvia.com |
Marc MAILLETGroup Head of Investor Relations
+33 (0) 1 72 36 75 70marc.maillet@forvia.com |
Iria MONTOUTOGroup Media
Relations Officer+33 (0) 6 01 03 19 89iria.montouto@forvia.com |
Sébastien LEROYGroup
Deputy Investor Relations Director+33 (0) 6 26 89 33
69sebastien.leroy@forvia.com |
About FORVIA, whose mission is: “We pioneer technology for
mobility experiences that matter to people”.
FORVIA, 7th global automotive technology supplier, comprises the
complementary technology and industrial strengths of Faurecia and
HELLA. With over 290 industrial sites and 76 R&D centers,
157,000 people, including more than 15,000 R&D engineers across
40+ countries, FORVIA provides a unique and comprehensive approach
to the automotive challenges of today and tomorrow. Composed of 6
business groups and a strong IP portfolio of over 14,000 patents,
FORVIA is focused on becoming the preferred innovation and
integration partner for OEMS worldwide. In 2022, the Group achieved
a consolidated revenue of 25.5 billion euros. FORVIA SE is listed
on the Euronext Paris market under the FRVIA mnemonic code and is a
component of the CAC Next 20 and CAC SBT 1.5° indices. FORVIA aims
to be a change maker committed to foreseeing and making the
mobility transformation happen. www.forvia.com
IMPORTANT NOTICEThis document is not an offer
of securities for sale in the United States. The notes being
offered by FORVIA (the "Notes") may not be sold in the United
States unless they are registered under the Securities Act or are
exempt from registration. The offering of Notes described in this
announcement has not been and will not be registered under the
Securities Act, and accordingly any offer or sale of Notes may be
made only in a transaction exempt from the registration
requirements of the Securities Act.
It may be unlawful to distribute this document in certain
jurisdictions. This document is not for distribution in Canada,
Japan or Australia. The information in this document does not
constitute an offer of securities for sale in Canada, Japan or
Australia.
Promotion of the Notes in the United Kingdom is restricted by
the Financial Services and Markets Act 2000 (the “FSMA”), and
accordingly, the Notes are not being promoted to the general public
in the United Kingdom. This announcement is directed solely at (i)
persons located outside the United Kingdom, (ii) persons with
professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the “Order”), (iii)
high net worth entities, and other persons to whom it may lawfully
be communicated, falling within Article 49(2)(a) to (d) of the
Order and (iv) persons to whom an invitation or inducement to
engage in investment activity (within the meaning of section 21 of
the Financial Services and Markets Act 2000 (“FSMA”)) in connection
with the issue or sale of any securities of the Issuer or any
member of its group may otherwise lawfully be communicated or
caused to be communicated (all such persons in (i) – (iv) above
being “relevant persons”). Any investment activity to which this
announcement relates will only be available to and will only be
engaged with relevant persons. Any person who is not a relevant
person should not act or rely on this announcement.
The offer and sale of the Notes will be made pursuant to an
exemption under the Prospectus Regulation from the requirement to
produce a prospectus for offers of securities. This announcement
does not constitute a prospectus within the meaning of the
Regulation EU 2017/1129, as amended (the "Prospectus Regulation")
or an offer to the public.
The offer and sale of the Notes will be made pursuant to an
exemption under the UK Prospectus Regulation from the requirement
to produce a prospectus for offers of securities. This announcement
does not constitute a prospectus within the meaning of the
Prospectus Regulation as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018 (the “UK Prospectus
Regulation”) or an offer to the public.
MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer
target market (MIFID II product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as the Notes are not available to retail investors in
EEA.
MiFIR professionals/ECPs-only/No UK PRIIPs KID – Manufacturer
target market (UK MIFIR product governance) is eligible
counterparties and professional clients only (all distribution
channels). No UK PRIIPs key information document (KID) has been
prepared as the Notes are not available to retail investors in the
UK.
Neither the content of FORVIA’s website nor any website
accessible by hyperlinks on FORVIA’s website is incorporated in, or
forms part of, this announcement. The distribution of this
announcement into any jurisdiction may be restricted by law.
Persons into whose possession this announcement comes should inform
themselves about and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
No money, securities or other consideration is being solicited,
and, if sent in response to the information contained herein, no
money, securities or other consideration will be accepted.
- 20240228 FORVIA SENIOR BONDS_EN
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