Lear Extends Exchange Offer for 7.96% Senior Notes Due
14 January 2000
Lear Corporation Extends Exchange Offer for 7.96% Senior Notes Due 2005 And 8.11% Senior Notes Due 2009 to 5 p.m., New York City Time, On January 18, 2000SOUTHFIELD, Mich., Jan. 14 -- Lear Corporation announced today that it is has extended its exchange offer for all of its outstanding 7.96% Senior Notes due 2005 and 8.11% Senior Notes due 2009 from 5 p.m., New York City time, on January 17, 2000 to 5 p.m., New York City time, on January 18, 2000. In its exchange offer, Lear is offering to exchange up to $600,000,000 aggregate principal amount of its 7.96% Series B Senior Notes due 2005 which have been registered under the Securities Act of 1933, as amended, for a like principal amount of its original unregistered 7.96% Senior Notes due 2005 and up to $800,000,000 aggregate principal amount of its 8.11% Series B Senior Notes due 2009 which have been registered under the Securities Act of 1933, as amended, for a like aggregate principal amount of its original unregistered 8.11% Senior Notes due 2009. The terms of the exchange securities are identical in all respects to the terms of the original securities for which they are being exchanged, except that the registration rights and related liquidated damages provisions, and the transfer restrictions, applicable to the original securities are not applicable to the exchange securities. The exchange offer is being made only pursuant to Lear's prospectus, dated December 15, 1999, which has been filed with the Securities and Exchange Commission as part of Lear's Registration Statement on Form S-4. The Registration Statement was declared effective by the Securities and Exchange Commission on December 15, 1999. Copies of the prospectus and transmittal materials governing the exchange offer may be obtained from the Exchange Agent, The Bank of New York, at the following address: The Bank of New York 101 Barclay Street New York, New York 10286 Attention: Tolutope Adeyujo Reorganization Section 212-815-2824