White & Case advises FORVIA on €1 billion high yield Eurobond offering and concurrent €800 million repurchase of existing debt

Global law firm White & Case LLP has advised Forvia S.E. (FORVIA), one of the world's largest automotive equipment suppliers, on its high yield Eurobond issuance of €500 million 5.125% senior notes due 2029 and €500 million 5.50% senior notes due 2031.

The new notes are listed on the Global Exchange Market of Euronext Dublin.  

White & Case simultaneously advised FORVIA on associated tender offers for the repurchase of its existing 2.625% senior notes due 2025 and 7.250% sustainability-linked notes due 2026. FORVIA accepted tenders of €800 million in aggregate principal amount of such notes, consisting of €580.3 million of its 2.625% senior notes due 2025, and €219.7 million of its 7.250% sustainability-linked notes due 2026, which has been cancelled. FORVIA intends to use the remaining net proceeds primarily to repay certain outstanding indebtedness.

The White & Case team in Paris that advised on the transaction was led by partners Séverin Robillard and Max Turner and included counsel Tatiana Uskova and associates Adrien Dumoulin-Smith, Quentin Pipieri and Jaime Lee.

Press contact
For more information please speak to your local media contact.