secwatch.observer — SEC 8-K summary
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Issuer:     Adient plc (ADNT)
CIK:        0001670541
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001670541-23-000082
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adient issues $1B in notes (7% secured, 8.25% unsecured) to refinance debt
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- Issued $500M 7.000% Senior Secured Notes due 2028 and $500M 8.250% Senior Unsecured Notes due 2031.
- Proceeds to redeem $700M of 3.50% Senior Unsecured Notes due 2024 and prepay $350M of Term Loan Facility.
- Secured Notes guaranteed by Adient plc and certain subsidiaries, secured pari passu with Term Loan.
- Unsecured Notes are senior and guaranteed on a pari passu unsecured basis by the same guarantors.
- Interest payable semi-annually April 15 and October 15, starting October 15, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670541/000167054123000082/0001670541-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670541/000167054123000082/adnt-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001670541-23-000082

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