BorgWarner launches cash tender offers for up to $837.7M in senior notes due 2025

BORGWARNER INC

Tender offers for any and all of $384.5M 3.375% notes due 2025 and $453.2M 5.000% notes due 2025.
Expiration: 5:00 p.m. NY time on August 13, 2024; settlement expected August 16, 2024.
Consideration per $1,000 is fixed spread (0 bps) plus Treasury yield, capped at $1,000 or $1,010.
BofA, Citi, and Wells Fargo are dealer managers; tender not subject to minimum condition.

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