Federal-Mogul to repay part of term C borrowings with new note issue

New York, June 22 – Federal-Mogul LLC said it plans to repay some of the borrowings under its $1.9 billion term loan C using proceeds from a €300 million offering of new senior secured notes due 2024.

The company announced the note sale on Thursday morning.

Federal-Mogul is a Southfield, Mich. maker of auto parts.

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