PHINIA issues $450M 6.625% Senior Notes due 2032 (upsized from $400M); amends credit agreement

PHINIA INC.

Issued $450M aggregate principal of 6.625% Senior Notes due Oct 15, 2032; increased from previously announced $400M.
Net proceeds to repay all outstanding term loan A borrowings, pay fees, and for general corporate purposes.
Credit Agreement Amendment reduces applicable margin on revolving facility and modifies covenants; term A loans fully prepaid.
Notes are senior unsecured, guaranteed by domestic subsidiaries; callable at 100% plus make-whole prior to Oct 2027.
Interest at 6.625% payable semiannually on Apr 15 and Oct 15, starting Apr 15, 2025; mature Oct 15, 2032.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.