11/18/2013 10:44:00 AM
NEWS BRIEFS
TRW Announces $400m Unsecured Note Offering
TRW Automotive Holdings Corp. intends to privately offer $400 million in aggregate principal amount of senior unsecured notes due 2023 (the “Notes”). TRW intends to use the proceeds from the offering for general corporate purposes, including the retirement of its 2014 senior unsecured notes which mature in March 2014.
The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the U.S. absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
TRW Automotive is one of the world’s largest automotive suppliers, operating in 25 countries and employing about 65,000 people.
TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. ©2013 GlobalFastenerNews.com
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