secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001193125-21-323052
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000119312521323052/0001193125-21-323052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000119312521323052/d240638d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-323052

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