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Affinia announces $200 million senior secured notes offer
St. Louis, Sept. 10 - Affinia Group Inc. announced late Wednesday that it plans to offer up to $200 million of senior secured notes via Rule 144A and Regulation S.
No timing or syndicate names were disclosed in the press release.
Proceeds, together with funds from a new $340 million senior secured asset-based revolver, will be used to repay its existing senior secured credit facility and to finance the acquisition of HBM Investment Ltd., a Hong Kong company, and its wholly-owned subsidiary, Longkou Haimeng Machinery Co. Ltd.
Affinia is an Ann Arbor, Mich.-based producer of automotive replacement products.
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