PHINIA Reports Pricing Of Upsized Private Offering of $450M Of Senior Notes Due 2032
Portfolio Pulse from Benzinga Newsdesk
PHINIA has announced the pricing of an upsized private offering of $450 million in senior notes due 2032. The proceeds will be used to repay existing borrowings, cover fees, and for general corporate purposes.
September 10, 2024 | 9:47 pm
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PHINIA has successfully priced an upsized private offering of $450 million in senior notes due 2032. The funds will be used to repay existing debt and for general corporate purposes, which may improve the company's financial flexibility.
The successful pricing of the senior notes offering indicates strong investor interest and provides PHINIA with the means to repay existing debt, which can improve its balance sheet and financial flexibility. This is likely to be viewed positively by investors.
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