secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001140361-24-041378
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000114036124041378/0001140361-24-041378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000114036124041378/ef20035971_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-041378

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