PHINIA Announces Proposed Private Offering of $425,000,000 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 is planning, subject to market and other customary conditions, to offer (the “Offering”) $425 million aggregate principal amount of its 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 notes will be guaranteed by each of the Company’s subsidiaries that guarantees its credit facilities. The notes and the guarantees will be secured by first-priority security interests in substantially all of the Company’s and the guarantors’ assets, subject to certain excluded assets, exceptions and permitted liens, which security interests will rank equally with the security interests securing its credit facilities.The Company intends to use the net proceeds of the Offering to repay all of its outstanding borrowings under its term loan B facility and t
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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