TRW Automotive Holdings Corp. (NYSE: TRW), today announced that its wholly-owned subsidiary, TRW Automotive Inc. (“TAI”), has priced its previously announced offering of $400 million in aggregate principal amount of senior unsecured notes due 2021 (the “Notes”). The Notes will have an interest rate of 4.50% and will be issued at a price equal to 100% of their face value. The closing is expected to occur on February 28, 2013, subject to customary closing conditions. TAI intends to use the net proceeds from the offering for general corporate purposes.
The Notes will be offered to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.
The Notes have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
