debt
confidence high
sentiment neutral
materiality 0.65
BorgWarner prices $1.0B senior notes offering: $500M 4.950% due 2029, $500M 5.400% due 2034
BORGWARNER INC
- Issued $500M 4.950% Senior Notes due 2029 and $500M 5.400% Senior Notes due 2034 in registered offering.
- Net proceeds to repurchase any and all of its 3.375% senior notes due Mar 2025 and 5.000% senior notes due Oct 2025 via tender offers.
- Remaining proceeds will be used for general corporate purposes.
- Notes are senior unsecured obligations ranking equally with existing unsecured debt.
- Interest payable semi-annually on Feb 15 and Aug 15, beginning Feb 15, 2025.