secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001104659-24-086625
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000110465924086625/0001104659-24-086625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000110465924086625/tm2415069d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086625

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