TRW Automotive Holdings has announced that it has successfully completed its previously announced public offering of 16,100,000 shares of common stock at a price of $17.50 per share to the public.

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The number of shares included 2,100,000 shares sold pursuant to the exercise of the underwriters’ over-allotment option.


TRW said it received approximately US$269m in net proceeds from the offering.


Approximately US$87m of the net proceeds will be used to repay borrowings.


 

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