Faurecia adds on €250m to finance SAS takeover

By Karoliina Liimatainen
28 Oct 2019

French car parts supplier Faurecia dipped into the bond markets again as it prepares to take over full control of its joint venture with Continental. It is adding €250m of senior notes to the €500m of 2026 notes it issued in the spring.

The notes are rated Ba1/BB+/BB+, with Faurecia assigned the same ratings on corporate level. The notes are non-callable for three years.

When Faurecia issued the original batch in March, the notes were priced at 3.125%. That money was also used to finance an acquisition — the ...

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