Autoliv Announces Proposed Remarketing of Senior Notes due 2014 (Stockholm, March 2, 2012) – – – Autoliv, Inc. (“Autoliv,” NYSE: ALV and SSE: ALIV SDB) – the worldwide leader in automotive safety systems – announced today that it intends to remarket its 8% senior notes due on April 30, 2014 (“Senior Notes”) beginning on March 12, 2012. Upon a successful remarketing, the interest rate of the Senior Notes will be reset on or after March 15, 2012. The Senior Notes are associated with the equity units that Autoliv issued on March 30, 2009. The remarketing provides an opportunity for debt investors to invest in Autoliv as well as an opportunity for Autoliv to lower its cost of borrowing. The remarketing activity is expected to raise approximately $108 million. The securities affected by this announcement are: · Corporate Units (CUSIP No. 052800208) · Any related 8% Senior Notes due 2014 (CUSIP No. 052800AA7) · Any Treasury Units (CUSIP No. 052800307) For up to three business days from March 12, 2012, Morgan Stanley & Co. LLC as remarketing agent (the “Remarketing Agent” or “Morgan Stanley”) will attempt to remarket the Senior Notes. The April 30, 2014 maturity date of the Senior Notes will not change as part of the remarketing. For important additional details regarding the remarketing, please see below. In Sweden, the offer is only directed toward a limited number of qualified investors. Inquiries: Ray Pekar, Investor Relations, North America Tel. +1-248-475-0427 Hannes Wadell, Treasurer, Autoliv Inc. Tel +46 8 587 206 55 About Autoliv Autoliv, Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has approximately 80 facilities with close to 48,000 employees in 29 countries. In addition, the Autoliv has 17 technical centers in nine countries around the world, with 20 test tracks, more than any other automotive safety supplier. Sales in 2011 grew by approximately 15% to more than US $8.2 billion. Autoliv’s shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV SDB). For more information about Autoliv, please visit our company website at www.autoliv.com.
Autoliv Announces Proposed Remarketing of Senior Notes due 2014
| Source: Autoliv Inc.