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Adient Reports Intention To Offer $750 Mln Of Senior Secured Notes


Monday, 15 Apr 2019 06:55am EDT 

April 15 (Reuters) - Adient PLC ::ADIENT ANNOUNCES INTENTION TO OFFER $750 MILLION OF SENIOR SECURED NOTES.ADIENT PLC - SUBSIDIARY TO OFFER $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED NOTES DUE 2026.ADIENT PLC - ADIENT US LLC TO OFFER $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED NOTES DUE 2026.ADIENT - TO USE NET PROCEEDS FROM OFFERING, BORROWINGS UNDER NEW CREDIT FACILITIES, TO PREPAY, TERMINATE COMMITMENTS UNDER EXISTING CREDIT AGREEMENT.ADIENT PLC - NEW CREDIT FACILITIES TOGETHER WITH NOTES, EXPECTED TO PROVIDE PRO FORMA LIQUIDITY OF ABOUT $1.9B. 

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17 May 2019