Faurecia to retire €250 million 8¾% notes due 2019, refinance debt

By Susanna Moon

Chicago, March 9 – Faurecia said it plans to retire its €250 million 8¾% notes due June 2019 and to refinance short-term borrowings using proceeds of new notes.

The company plans to offer €500 million of notes due 2022.

The new notes issue is part of an overall refinancing intended to extend Faurecia’s debt maturity profile and strengthen Faurecia’s balance sheet, according to a company press release.

Faurecia is an automotive equipment supplier based in Nanterre, France.

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