FORVIA Launches First 5-Year Dollar Bond Issuance

FORVIA has announced its pricing of $500 million in 8.00% senior notes, due in 2030. This marks FORVIA's inaugural issuance in the dollar bond market, adding to its diverse funding sources following recent issuances in the Euro, Samurai, and Schuldschein markets.

The new senior notes received credit ratings of "BB+" from Fitch, "B1" from Moody's, and "BB-" from Standard & Poor's. Proceeds from these notes will be used to repay existing maturities. An application for listing these notes on Euronext Dublin has been filed, with settlement anticipated on April 4, 2025.

FORVIA’s CFO, Olivier Durand, expressed gratitude towards new credit investors, emphasizing the bond's role in broadening FORVIA's investor base. This financial maneuver aligns with the group's active refinancing strategy and global expansion goals.