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BorgWarner announces final results of exchange offer for Delphi Technologies’ 5.000% Senior Notes due 2025

BorgWarner announces final results of exchange offer for Delphi Technologies’ 5.000% Senior Notes due 2025

BorgWarner Inc. (“BorgWarner”) announced today that as of 5:00 p.m., New York City time, on October 1, 2020 the “Expiration Date”), approximately $776.3 million in aggregate principal amount of outstanding 5.000% Senior Notes due 2025 (the “DT Notes”) of Delphi Technologies PLC (“Delphi Technologies”), representing approximately 97.04% of the $800 million total outstanding principal amount of the DT Notes, were validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked) in connection with the previously announced private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) made by BorgWarner on behalf of Delphi Technologies with respect to the DT Notes.

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SOURCE: BorgWarner

https://www.automotiveworld.com/news-releases/borgwarner-announces-final-results-of-exchange-offer-for-delphi-technologies-5-000-senior-notes-due-2025/

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