debt
confidence high
sentiment neutral
materiality 0.55
Adient issues $795M 7.5% notes due 2033 to refinance existing 4.875% notes
Adient plc
- $795M principal, 7.500% interest, matures Feb 15, 2033; semi-annual payments starting Aug 15, 2025.
- Proceeds plus cash on hand to redeem Adient's 4.875% senior notes in full and pay fees.
- Notes are senior unsecured, guaranteed on pari passu basis; make-whole call premium before Feb 2028.
- Covenants restrict subsidiary indebtedness, dividends, liens, mergers, and affiliate transactions.