TRW Automotive has completed its previously announced private offering of 3.50% exchangeable senior notes due in 2015 and said underwriters fully exercised their option to purchase additional notes to cover over-allotments, resulting in a total sale of US$259m in aggregate principal amount of notes.
TRW Automotive has completed its previously announced private offering of 3.50% exchangeable senior notes due in 2015 and said underwriters fully exercised their option to purchase additional notes to cover over-allotments, resulting in a total sale of US$259m in aggregate principal amount of notes.
The company estimated that the net proceeds would be about US$251m and said it would use about $112m to repay borrowings under its existing term loan facilities and the rest for general corporate purposes, which may include additional repayment of debt.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
