Delphi to pay down credit facility via senior note offering proceeds

By Tali David

Minneapolis, Feb. 11 - Delphi Corp. plans to use the proceeds of its $800 million senior note offering to repay a portion of the term loan debt under its credit agreement, according to a press release.

The company will also use proceeds for general corporate purposes.

Delphi is a Troy, Mich.-based vehicle components manufacturer, providing powertrain, safety, electronic and thermal technology solutions to the automotive and commercial vehicle markets.

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