Faurecia announced today that it will make an offering of €100 million of 2022 Additional Notes to be consolidated and form a single series with the €500 million 3.125% senior notes issued on March 17, 2015 (the "2022 Notes").
Faurecia will use the net proceeds of the offering of the 2022 Additional Notes to refinance short-term borrowings.
In connection with the offering of the 2022 Additional Notes, Faurecia disclosed certain information to prospective holders of the 2022 Additional Notes. A copy of such information is available on the link hereto (Exhibit A).
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 2014, the Group posted total sales of €18.8 billion. At December 31, 2014, Faurecia employed 100,000 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.fr
Executive Vice-President, Finance
Michel Favre graduated from HEC business school in 1982 began his career as bank auditor and consultant. He worked with Valeo during 13 years before joining Altadis Group in July 2001, where[...]