Faurecia announces that it has mandated BNP Paribas, Natixis and Société Générale (B&D) as Joint Global Coordinators and CM-CIC, Commerzbank and Santander as Joint Bookrunners to arrange a fixed income investor call on February 22nd 2018 at 09:00UK/10:00CET. Faurecia expects to issue 2025 Notes in a benchmark size, subject to market conditions
Faurecia has also mandated BNP Paribas and Société Générale as Dealer Managers and intends to exchange the 2025 Notes for its €700 million 3.125% Notes due June 2022 ("2022 Notes") tendered in the context of a cash tender offer by Société Générale subject to a maximum tender amount announced today (the "Tender Offer"). The issuance of the 2025 Notes is intended to extend Faurecia’s debt maturity profile and strengthen Faurecia’s balance sheet.
In addition, if the proceeds of the 2025 Notes are greater than the principal amount of 2022 Notes which are accepted pursuant to the Tender Offer, Faurecia intends to redeem some or all of the remaining 2022 Notes that are not tendered and accepted in the Tender Offer up to the principal amount of the 2025 Notes, less the aggregate principal amount accepted for purchase pursuant to the Tender Offer
In connection with the offering of the 2025 Notes, Faurecia disclosed certain information to prospective holders of the 2025 Notes. A copy of such information is available on the link hereto (Exhibit A).
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[...]
Head of Media Relations
Vice President Investor Relations