Delphi to redeem its $500 million of notes due 2019 via new offering

By Tali Rackner

Norfolk, Va., Feb. 24 - Delphi Corp. plans to repay its existing $500 million senior notes due 2019 with the proceeds from a new note offering, according to a press release.

The notes will be redeemed on March 26.

Proceeds will also be used to pay related premiums, fees and expenses.

Delphi, a subsidiary of Delphi Automotive plc, is a Troy, Mich.-based automotive electronics manufacturer.

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