Delphi Corporation ("Delphi" or the "issuer"), a subsidiary of Delphi
Automotive PLC (NYSE: DLPH), announced today that it intends to offer,
subject to market and other considerations, $500 million in aggregate
principal amount of Senior Notes due 2024 (the "Notes"). Delphi expects
to use the net proceeds for general corporate purposes, including to
repay its existing $500 million Senior Notes due 2019 (the "2019 Notes")
and to pay related premiums, fees and expenses. Delphi intends to redeem
the 2019 Notes on March 26, 2014 (subject to completion of the proposed
offering).
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are
joint book−running managers for the offering.
The offering of these securities is made only by means of a prospectus.
Copies may be obtained by contacting (1) J.P. Morgan Securities LLC at
383 Madison Avenue, New York, New York 10179, Attention: Investment
Grade Syndicate Desk, 3rd Floor, Telephone: (212) 834-4533, (2) Merrill
Lynch, Pierce, Fenner & Smith Incorporated at 222 Broadway, New York,
New York 10038, Attention: Prospectus Department, Email: dg.prospectus_requests@baml.com
or (3) Deutsche Bank Securities Inc. at 60 Wall Street, New York, New
York 10005-2836, Attention: Prospectus Group, Email: prospectus.CPDG@db.com,
Telephone: (800) 503-4611. The Notes are being offered pursuant to an
effective shelf registration statement filed with the Securities and
Exchange Commission on December 19, 2012.
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 (NYSE: DLPH) is a leading global supplier of
technologies for the automotive and commercial vehicle markets.
Headquartered in Gillingham, England, Delphi operates major technical
centers, manufacturing sites and customer support services in 32
countries, with regional headquarters in Bascharage, Luxembourg; Sao
Paulo, Brazil; Shanghai, China and Troy, Michigan, U.S. Delphi delivers
innovation for the real world with technologies that make cars and
trucks safer as well as more powerful, efficient and connected.
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 2019
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.
Copyright Business Wire 2014