Faurecia has successfully placed an additional issue of bonds, due 2027, through a private placement for an amount of US$230m (yield at issue of 2.25%) as announced on 20 January, 2021.
The transaction is part of the Group’s financial strategy, which aims to strengthen liquidity, permanently optimise the profile of long-term debt by maintaining an average maturity of more than five years and by limiting its cost, which is currently around 2.8%.
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As of 31 December, 2020, the Group had liquidity of more than EUR3bn, on top of a fully available syndicated line of credit of EUR1.2bn, due in June, 2024.
