Capital/Financing Update • Dec 30, 2013
Capital/Financing Update
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Nanterre (France), December 30, 2013
Successful early redemption of the bonds convertible into and/or exchangeable for new or existing shares (OCEANE) due January 1, 2015
On November 30, 2013, Faurecia announced its decision to proceed with the early redemption of bonds issued on November 26, 2009 and convertible into new shares and/or exchangeable for existing shares (ISIN FR0010827055). There were 11,304,290 bonds outstanding at October 31, 2013.
Up to December 17, 2013, the holders of the OCEANE had the option, either to convert their bonds into Faurecia shares, at the ratio of 1.04 Faurecia share (ISIN FR0000121147) per 2009 Bond presented, or to receive a cash amount equal to EUR 19.526 per 2009 Bond.
Bondholders opted nearly unanimously for conversion of their bonds into Faurecia shares: 11,284,793 bonds, i.e., 99.83% of the total outstanding, will be converted into 11,736,190 new Faurecia shares.
This early redemption initiated by Faurecia allows the Group to reinforce its equity and to reduce its net debt position by around EUR 205 million.
Following the redemption/conversion process scheduled for December 30, 2013, the total number of outstanding Faurecia shares will be 122,588,135.
Nothing in the present notice constitutes an offer to sell or the solicitation of an offer to buy in any jurisdiction (including in the United States of America, in Italy or in the United Kingdom). No document related to this early redemption can be circulated, directly or indirectly (i) in the United States of America, in Italy or in the United Kingdom, or to any person located or resident in these countries or in the countries mentioned in (ii) hereafter or (ii) in any other country where such circulation could be illegal or submitted to legal restrictions.]
Faurecia is the world's sixth-largest automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2012, the Group posted total sales of €17.4 billion (\$22.5 billion). At December 31, 2012, Faurecia employed 94,000 people in 34 countries at 320 sites, including 30 R&D centers and 5,500 engineers. Visit us at: www.faurecia.com
Contacts Media
Olivier Le Friec Head of Media Relations Tel: +33 1 72 36 72 58 Cell: +33 6 76 87 30 17 [email protected] Analysts/Investors Eric-Alain Michelis Director of Financial Communications Tel.: +33 1 72 36 75 70 Cell: +33 6 64 64 61 29 [email protected]
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