Axalta prices $500M 7.250% senior notes due 2031; to redeem €450M 2025 notes

Axalta Coating Systems Ltd.

Subsidiary priced $500M aggregate principal of 7.250% Senior Notes due 2031 in private placement.
Net proceeds used to redeem €450M of 3.750% Senior Notes due 2025 (redemption date Nov 20, 2023).
Offering expected to close Nov 17, 2023; redemption is conditional on consummation of the offering.
New notes will be fully and unconditionally guaranteed by Axalta and certain restricted subsidiaries.

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