Faurecia completes the refinancing of the HELLA acquisition

NANTERRE (FRANCE)
JANUARY 18, 2023

FAURECIA ENTIRELY REFINANCED THE HELLA ACQUISITION THROUGH PRICING AN ADDITIONAL €250 MILLION OF SUSTAINABILITY-LINKED SENIOR NOTES

Faurecia S.E., a company of the FORVIA group, announces that it has successfully priced today the New Notes, sustainability-linked 7.25% senior notes due 2026 (the “New Notes”) following a private placement arranged by BNP Paribas. Faurecia priced the New Notes at 101.75% of par, or a yield of 6.65%.

The proceeds of the issuance of the New Notes will be used to fully reimburse the Bridge-to-Bond and the Bridge-to-Equity in connection with the HELLA acquisition and for general corporate purposes.

An application will be made to list the New Notes on Euronext Dublin (Global Exchange Market).

The settlement of the New Notes is expected to occur on 1 February 2023.

Olivier DURAND, Group CFO, declared:

“We are very pleased with the outcome of this private placement. It allows us to complete the reimbursement of the Bridge-to-Bond and the Bridge-to-Equity related to the acquisition of HELLA. We did it ahead of deadlines and at a reasonable average cost.”

IMPORTANT NOTICE
This document is not an offer of securities for sale in the United States. The notes offered by Faurecia (the "Notes") may not be sold in the United States unless they are registered under the Securities Act of 1933, as amended (the “Securities Act”) or are exempt from registration. The offering of Notes described in this announcement has not been and will not be registered under the Securities Act, and accordingly any offer or sale of Notes may be made only in a transaction exempt from the registration requirements of the Securities Act.
It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale in Canada, Japan or Australia.
Promotion of the Notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the “FSMA”), and accordingly, the Notes are not being promoted to the general public in the United Kingdom. This announcement is for distribution only to, and is only directed at, persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity within the meaning of section 21 of the FSMA in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This announcement is directed only at relevant persons and must not be acted on or relied on by anyone who is not a relevant person.
The offer and sale of the Notes will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of securities. This announcement does not constitute a prospectus within the meaning of the Regulation EU 2017/1129 (the "Prospectus Regulation") or an offer to the public.
MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in EEA.
MiFIR professionals/ECPs-only/No UK PRIIPs KID – Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in the UK.
Neither the content of Faurecia’s website nor any website accessible by hyperlinks on Faurecia’s website is incorporated in, or forms part of, this announcement. The distribution of this announcement into any jurisdiction may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, no money, securities or other consideration will be accepted.

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• 20230118 Faurecia announces finalizing the HELLA acquisition refinancing