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Adient announces upsizing and pricing of $500 million of 7.000% senior secured notes due 2028 and $500 million of 8.250% senior unsecured notes due 2031

PR Newswire - Tue Feb 28, 2023

PLYMOUTH, Mich., Feb. 28, 2023 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced the upsize and pricing of private offerings by its wholly-owned subsidiary, Adient Global Holdings Ltd, of (i) $500 million in aggregate principal amount of 7.000% senior secured notes due 2028 (the "Secured Notes") and (ii) $500 million in aggregate principal amount of 8.250% senior unsecured notes due 2031 (the "Unsecured Notes" and, together with the Secured Notes, the "Notes").  The Notes will be issued at par value. The aggregate principal amount of the offering was increased to $1,000 million from the previously announced $850 million.

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