PHINIA prices $450M of 6.625% senior notes due 2032, upsized from $400M

PHINIA INC.

Offering increased to $450M from originally announced $400M; priced at 100.00% plus accrued interest.
Notes carry 6.625% fixed coupon, mature 2032, unsecured but guaranteed by certain subsidiaries.
Net proceeds to repay term loan A facility, pay offering fees, and for general corporate purposes.
Closing expected on or about September 17, 2024, subject to customary conditions.

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