TRW Automotive seeks amendment to avoid potential non-compliance

By Sara Rosenberg

New York, June 2 - TRW Automotive Holdings Corp. is looking to amend its credit facility to revise financial covenants, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The company said that in light of the current industry conditions, it is unlikely that it will be in compliance with financial covenants at the end of the second quarter, which is why the amendment is being sought.

Completion of the amendment is expected to take place prior to the end of the second quarter.

TRW is a Livonia, Mich.-based designer, manufacturer and seller of automotive systems, modules, and components for automotive original equipment manufacturers and related after-markets.

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