secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001140361-24-015329
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PHINIA upsizes senior secured notes offering to $525M at 6.75%, due 2029
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- Priced $525M aggregate principal of 6.75% senior secured notes due 2029, up from initially announced $425M.
- Notes sold at 100.00% plus accrued interest, closing expected April 4, 2024.
- Proceeds to repay term loan B and revolving credit facility borrowings, plus fees and general corporate purposes.
- Notes guaranteed by PHINIA subsidiaries and secured by first-priority liens on substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000114036124015329/0001140361-24-015329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000114036124015329/ef20025024_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-015329

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