PHINIA Announces Pricing of Private Offering of $525,000,000 of Senior Secured Notes due 2029
PHINIA Inc. (PHIN)
Company Research
Source: Business Wire
AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it has priced its previously announced offering (the “Offering”) and has agreed to issue and sell $525 million aggregate principal amount of its 6.75% senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the Offering of the notes was increased from the previously announced Offering size of $425 million aggregate principal amount of notes. The notes will be sold to investors at 100.00% plus accrued interest, if any, from April 4, 2024. The closing of the Offering of the notes is expected to occur on or about April 4, 2024, subject to customary closing conditions.The notes will be guaranteed by each of the Company’s subsidiaries that guarantees its credit facilities. The notes and the guarantees will be secured b
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PHIN
News
- PHINIA Declares Quarterly Dividend of $0.25 per Common ShareBusiness Wire
- PHINIA Reports Strong First Quarter 2024 Results and Reaffirms 2024 Outlook [Yahoo! Finance]Yahoo! Finance
- PHINIA Reports Strong First Quarter 2024 Results and Reaffirms 2024 OutlookBusiness Wire
- PHINIA Inc. to Report Q1 2024 EarningsBusiness Wire
- PHINIA announces pricing of private offering of $525M of senior secured notes due 2029 [Seeking Alpha]Seeking Alpha
PHIN
Earnings
- 4/25/24 - Beat
PHIN
Sec Filings
- 5/9/24 - Form 144
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- PHIN's page on the SEC website