Lear Corp issues $700M in senior notes at 2.600% and 3.550% maturing 2032 and 2052

LEAR CORP

Issued $350M 2.600% senior notes due 2032 at 99.782% of par and $350M 3.550% senior notes due 2052 at 99.845% of par.
Net proceeds of approximately $691.6M after underwriting discounts and estimated expenses.
Proceeds to fund $206.3M term loan repayment and up to $200M cash tender offer for 2027 notes.
Remaining proceeds for general corporate purposes, including potential acquisition of Kongsberg's Interior Comfort Systems business.

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