FORVIA successfully prices an additional EUR 250 million of senior notes due 2030

FORVIA has successfully priced its offering of EUR 250 million in aggregate principal amount of additional senior notes due 2030. FORVIA priced the New Notes at par, or a yield of 5.625%, on the back of a strongly oversubscribed book.

The New Notes obtained a credit rating “BB+” by Fitch Ratings, “B1” by Moody’s and “BB-” by Standard & Poor’s.

FORVIA intends to use the proceeds of the offering of the New Notes to fund the repurchase of FORVIA’s outstanding 2.750% Sustainability-Linked Notes due February 2027 (the “2027 Sustainability-Linked Notes”) in a cash tender offer (the “Tender Offer”) and pay fees and expenses incurred in connection therewith, including net premiums and accrued and unpaid interest on the 2027 Sustainability-Linked Notes, and fees and expenses incurred in connection with the offering of the New Notes.

The Tender Offer launched today and remains subject to conditions, such as the completion of the offering of the New Notes. FORVIA plans to repurchase the 2027 Sustainability-Linked Notes in an amount expected to be equal to the principal amount of the New Notes. The final amount of 2027 Sustainability-Linked Notes accepted in the Tender Offer will be subject to the final amounts of tenders received.

An application has been made to list the New Notes on the Global Exchange Market of Euronext Dublin. The settlements of the New Notes and the Tender Offer are expected to occur on 12 June 2025.