Nanterre, April 26, 2012
Faurecia to offer €250 Million 2019 Notes
Faurecia announced today its intention to raise €250 million of new Senior Notes due 2019.
Faurecia will use the net proceeds of the offering of these 2019 Notes primarily to reduce its outstanding debt, including the repayment of part of the revolving indebtedness under its corporate €1,150 million Senior Credit Facility. To preserve liquidity, Faurecia does not intend to reduce the commitments thereunder, and repaid amounts may be redrawn in the future. These 2019 Notes will also enable Faurecia to extend its debt maturity profile and diversify its sources of funding.
Faurecia had successfully issued in November 2011 €350 million of Notes maturing in December 2016, which were listed on November 9, 2011. An additional €140 million principal amount of Notes maturing in December 2016 were issued on February 21, 2012.
Crédit Agricole CIB is acting as Global Coordinator and Joint Bookrunner for this offering. BNP Paribas, HSBC, Mitsubishi UFJ Securities International and Natixis are acting as Joint Bookrunners.
___________________________
About Faurecia
Faurecia is the world's sixth-largest automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2011, the Group posted total sales of €16.2 billion. At December 31, 2011, Faurecia employed 84,000 people in 33 countries at 270 sites and 40 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information, visit: www.faurecia.com
Contacts
MediaOlivier Le FriecManager Media RelationsTel: +33 (0)1 72 36 72 58Mob: +33 (0)6 76 87 30 17olivier.lefriec@faurecia.com | Analysts/Investors Eric-Alain Michelis Director Investor Relations Tel: +33 (0)1 72 36 75 70Mob: +33 (0)6 64 64 61 29eric-alain.michelis@faurecia.com |
This press release does not constitute an offer of securities in the United States or any other country. The Notes may not be offered or sold within the United States unless they have been registered or pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended. Faurecia does not intend to register the offering, in whole or in part, in the United States, or to offer its securities to the public in the United States.
