Brief: Adient Announces Intention To Offer $850 Million Of New Senior Secured And Unsecured Notes

Adient

28/02/2023 15:05

Feb 28 (Reuters) - Adient PLC  ADNT.N :
    * ADIENT ANNOUNCES INTENTION TO OFFER $850 MILLION OF NEW
SENIOR
SECURED AND UNSECURED NOTES
    * ADIENT PLC: TO USE NET PROCEEDS FROM OFFERING, TOGETHER
WITH
CASH ON HAND, TO REDEEM IN PART ITS EXISTING 3.50% SENIOR
UNSECURED NOTES DUE 2024
    * ADIENT: TO USE PROCEEDS FROM OFFERING, WITH CASH ON HAND,
TO
ALSO PREPAY PART OF LOANS OUTSTANDING UNDER ITS EXISTING TERM
LOAN CREDIT FACILITY

Source text for Eikon:  ID:nPn2Kgn7Fa 
Further company coverage:  ADNT.N