FAURECIA ANNOUNCED THAT IT WILL REDEEM ITS €490 MILLION 9.375% SENIOR NOTES DUE 2016

Nanterre, France, Mar 14, 2016,  by Faurecia

Faurecia issued a conditional notice of redemption on March 14, 2016 in order to exercise its option to redeem in full the €490 million of 9.375% Senior Notes due 2016 (the "2016 Notes"). 

The redemption of the 2016 Notes is conditional upon the issue by Faurecia of new senior notes in an aggregate principal amount of €500 million. See the redemption notice below for further information.

 

These Notes will be redeemed on or about April 12, 2016, at a redemption price of 100% of the principal amount of these Notes, plus the Applicable Premium (as defined in the redemption notice below), and accrued interest up to April 12, 2016.

Faurecia is one of the world's largest automotive equipment suppliers with four Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2015, the Group posted total sales of €20.7 billion. At December 31, 2015, Faurecia employed 103,000 people in 34 countries at 330 sites and 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit: www.faurecia.com

Expert
About Faurecia