Capital/Financing Update • Mar 19, 2015
Capital/Financing Update
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Communiqué de presse
Ne doit pas être diffusé, directement ou indirectement, aux États-Unis, au Canada, en Australie et au Japon
Nanterre (France), le 19 mars 2015
Faurecia a publié le 17 mars 2015 un avis de remboursement mentionnant qu'elle remboursera intégralement les 250 millions d'euros d'obligations 8,75% à échéance juin 2019.
Le remboursement aura lieu le 17 avril 2015, à un prix égal à 100% du pair, plus la Prime Applicable ("Applicable Premium" telle qu'elle est définie dans l'avis de remboursement ci-dessous), et les intérêts courus jusqu'au 17 avril 2015.
Faurecia est l'un des principaux équipementiers automobiles mondiaux dans quatre activités : sièges d'automobile, technologies de contrôle des émissions, systèmes d'intérieur et extérieurs d'automobile. Le Groupe a réalisé en 2014 un chiffre d'affaires de 18,8 milliards d'euros. Au 31 décembre 2014, Faurecia employait 99 500 personnes dans 34 pays sur 330 sites, dont 30 centres de R&D. Faurecia est coté sur le marché NYSE Euronext de Paris et le marché over-the-counter (OTC) aux Etats-Unis. En savoir plus: www.faurecia.fr
Contacts: Presse
Olivier Le Friec Responsable Relations Presse Tel: +33 (0)1 72 36 72 58 Cell: +33 (0)6 76 87 30 17 [email protected]
Analystes et Investisseurs Eric-Alain Michelis Directeur de la Communication Financière Tel: +33 (0)1 72 36 75 70 Cell: +33 (0)6 64 64 61 29 [email protected]
Ce document ne constitue pas une offre de valeurs mobilières aux Etats-Unis.
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The Issuer gives notice to the holders of its €250,000,000 8.75% Senior Notes due 2019 (ISIN: XS0778917814; Common Codes: 077891781) (the "Notes") of the redemption of €250,000,000 of the aggregate principal amount of outstanding Notes (the "Redeemed Notes"), with a portion of the net cash proceeds of a €500,000,000 3.125% Senior Notes offering dated on or around 17 March 2015.
The redemption date for the Redeemed Notes will be 17 April 2015 (the "Redemption Date") and the record date will be 16 April 2015.
The redemption price is 100.000% of the principal amount of the Redeemed Notes, plus the Applicable Premium as of, and accrued and unpaid interest, if any, to the Redemption Date. The aggregate redemption price for the Redeemed Notes comprises (i) 100.000% of the principal amount of €250,000,000 and (ii) the Applicable Premium as of, and accrued and unpaid interest, if any, to the Redemption Date occurring on 17 April 2015 (together, the "Redemption Price"). "Applicable Premium" means, with respect to a Note on any redemption date, the greater of (i) 1.00% of the principal amount of such Note, and (ii) the excess of (to the extent positive) (A) the present value at such redemption date of (x) 100% of the principal amount of the Notes to be redeemed plus (y) all required remaining interest payments due on such Note to and including 15 June 2015 (excluding any accrued but unpaid interest to such redemption date), computed using a discount rate equal to the Bund Rate at such redemption date plus 50 basis points, over (B) the outstanding principal amount of such Note on such date of redemption, as calculated by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate, provided that the calculation shall not be a duty or obligation of the Trustee. "Bund Rate" means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity as of such date of the Comparable German Bund Issue, assuming a price for the Comparable German Bund Issue (expressed as a percentage of its principal amount) equal to the Comparable German Bund Price for such redemption date, where: (i) "Comparable German Bund Issue" means the German Bundesanleihe security selected by any Reference German Bund Dealer as having a fixed maturity most nearly equal to the period from such redemption date to 15 June 2015 and that would be utilised at the time of selection, and in accordance with customary financial practice, in pricing new issues of euro-denominated corporate debt securities in a principal amount approximately equal to the then outstanding principal amount of the Notes and of a maturity most nearly equal to 15 June 2015; provided, however, that if the period from such redemption date to 15 June 2015 is not equal to the fixed maturity of the German Bundesanleihe security selected by such Reference German Bund Dealer, the Bund Rate shall be determined by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of German Bundesanleihe securities for which such yields are given, except that if the period from such redemption date to 15 June 2015 is less than one year, a fixed maturity of one year shall be used; (ii) "Comparable German Bund Price" means, with respect to any redemption date, the average of all Reference German Bund Dealer Quotations for such date (which, in any event, must include at least two such quotations), after excluding the highest and lowest such Reference German Bund Dealer Quotations, or if the Issuer obtains fewer than four such Reference German Bund Dealer Quotations, the average of all such quotations; (iii) "Reference German Bund Dealer" means any dealer of German Bundesanleihe securities appointed by the Issuer in good faith; and (iv) "Reference German Bund Dealer Quotations" means, with respect to each Reference German Bund Dealer and any redemption date, the average as determined by the Issuer in good faith of the bid and offered prices for the Comparable German Bund Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by such Reference German Bund Dealer at 3:30 p.m. Frankfurt, Germany, time on the third business day in Germany preceding the redemption date.
Enquiries about the above notice should be directed to the Issuer as set out below:
Faurecia S.A. 2 rue Hennape, 92000 Nanterre France
Attention: Group General Counsel Facsimile No. +33 1 72 36 70 70
This announcement has been issued on The Luxembourg Stock Exchange.
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