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Forvia offers to buy 2026 sustainability notes for up to €150 million
By Marisa Wong
Los Angeles, Dec. 1 – Forvia SE, formerly Faurecia SE, has begun a tender offer to purchase for cash its outstanding €950 million 7¼% sustainability-linked senior notes due June 15, 2026 (ISIN: XS2553825949), subject to a maximum cash consideration of €150 million, according to a notice.
Forvia is offering to purchase an amount of notes so that the aggregate cash consideration, excluding interest, does not exceed €150 million.
The company is offering to purchase the notes at 105.5.
The company will also pay accrued interest to but excluding the settlement date.
Tenders may be subject to proration.
The offer will expire at 11 a.m. ET on Dec. 7.
Results will be announced on Dec. 8.
Settlement is slated for Dec. 14.
The lead dealer manager is BofA Securities Europe SA (+33 1 877 01057; DG.LM-EMEA@bofa.com). Intesa Sanpaolo SpA (+39 02 7261 6502; IMI- liability.management@intesasanpaolo.com) and Mizuho Securities Europe GmbH (+44 20 7090 6134; liabilitymanagement@uk.mizuho-sc.com) are also dealer managers.
The information and tender agent is D.F. King Ltd. (+44 20 7920 9700; Forvia@dfkingltd.com; https://www.dfkingltd.com/Forvia).
Forvia is an automotive supplier based in Nanterre, France.
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