Delphi Announces Pricing of Senior Notes Offering
GILLINGHAM, England, Sept. 15, 2016 -- Delphi Automotive PLC , a leading global technology company serving the automotive sector, today announced it priced $300 million aggregate principal amount of its 4.400% Senior Notes due 2046 (the "Notes").
The Notes will be issued at a price of 99.454% of their principal amount. Proceeds from the Notes, together with the proceeds from Delphi's previously announced offering of €500 million 1.600% Senior Notes due 2028, will be used to repay its existing $800 million 5.00% Senior Notes due 2023 (the "2023 Notes").
Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for the offering of the Notes.
The offering of the Notes is made only by means of a prospectus. Copies may be obtained by contacting (1) Citigroup Global Markets Inc. at 1-800-831-9146, (2) Goldman, Sachs & Co. at 1-866-471-2526, (3) J.P. Morgan Securities LLC at 212-834-4533 or (4) Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322. The Notes are being offered pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on October 30, 2015.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer, solicitation, or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.
About Delphi
Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 44 countries.
Forward-Looking Statements
This press release, as well as other statements made by Delphi Automotive PLC (the "Company"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events, the proposed notes offering and the redemption of the 2023 Notes. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment as well as market conditions, which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
SOURCE Delphi Automotive PLC
CONTACT: Investor Contact: Elena Rosman, 248.813.5091, elena.rosman@delphi.com; Media Contact: Kristen Kinley, 248.535.3930, kristen.kinley@delphi.com
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