Capital/Financing Update • Apr 10, 2009
Capital/Financing Update
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Press Release Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan
Nanterre, 10 April 2009
At its meeting held on 9 April 2009, the Board of Directors approved the completion of the first phase in securing Faurecia's financing under the "2009 Challenge" plan.
This first phase involves a total of 1,663 million euros and implements three types of financing facilities:
The first two facilities were renegotiated to adapt the covenants to the sharp decline in automobile production and its impact on 2009 results, especially those for the first half year.
The additional credit will enable Faurecia to finance the eventual early repayment of the bond issue maturing in November 2010.
The second phase will consist of a 450 million euros capital increase guaranteed by Peugeot SA. It will be put to the vote at the general shareholders meeting on 23 April 2009.
Faurecia is one of the world's leading automotive equipment suppliers, specializing in four major activities: seats, vehicle interiors, front ends and exhaust systems. In 2008, the Group posted sales of 12.01 billion euros. It has operations in 29 countries at 190 sites and 28 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information visit: www.faurecia.com
Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan.
The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.
This press release and the information contained herein in no way represent an offer of securities for sale nor the solicitation of an offer to purchase securities, in the United States or any other country.
Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended or exempt from registration. The shares and preferential subscription rights of Faurecia have not been and will not be registered under the U.S. Securities Act and Faurecia does
Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan
not intend to make a public offer of its securities in the United States. Copies of this document are not being, and should not be, distributed in or sent into the United States.
The distribution of this press release (which term shall include any form of communication) is restricted pursuant to section 21 (restrictions on financial promotion) of Financial Services and Markets Act 2000 ("FMSA"). In relation to the United Kingdom, this document is only being distributed to, and is directed only at, persons (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion Order) 2005, as amended (the "Order"), (ii) falling within Article 49(2) (a) to (d) of the Order and (iii) to whom it may otherwise lawfully be distributed (all such persons together with Qualified Investors (as defined in Prospectus Directive) being referred to as "relevant persons"). This document must not be acted on or relied on in the United Kingdom by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only in the United Kingdom to relevant persons, and will be engaged in only with such persons. By receiving this document you are deemed warrant to the Company that you fall within the categories of persons described above.
Contacts: Media
Olivier Le Friec Press Relations Manager Tel: +33 (0)1 72 36 72 58 Mob: +33 (0)6 76 87 30 17 [email protected]
Hélène Ducournau-Josselin Press Relations Tel: +33 (0)1 72 36 70 55 Mob: +33 (0)6 98 05 35 33 [email protected] Analysts/Investors Bruno de Chiffreville Investor Relations Tel: +33 (0)1 72 36 75 70 Mob: +33 (0)6 67 70 78 18 [email protected]
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