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US: Lear prices US$700m notes offering

Lear has announced that it has priced an underwritten public offering of US$350m of 7.875% senior notes due 2018, and US$350m of 8.125% senior notes due 2020. The senior notes due 2018 were priced at 99.276% of par, resulting in a yield to maturity of 8.00%, and the senior notes Subscribe to Automotive World to … Continued

Lear has announced that it has priced an underwritten public offering of US$350m of 7.875% senior notes due 2018, and US$350m of 8.125% senior notes due 2020. The senior notes due 2018 were priced at 99.276% of par, resulting in a yield to maturity of 8.00%, and the senior notes

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https://www.automotiveworld.com/articles/81383-us-lear-prices-us-700m-notes-offering/

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