Lear Corporation on Wednesday said it priced an underwritten public offering of US$350m in aggregate principal amount of 7.875% senior notes due 2018, and $350m in aggregate principal amount of 8.125% senior notes due in 2020. The senior notes due 2018 were priced at 99.276% of par, resulting in a yield to maturity of 8.00%, and the senior notes due 2020 were priced at 99.164% of par, resulting in a yield to maturity of 8.25%.
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