Delphi Automotive PLC (NYSE: DLPH), a leading global supplier of
technologies for the automotive and commercial vehicle markets, today
announced it priced €700 million aggregate principal amount of its 1.50%
senior notes due 2025 (the “Notes”). The Notes will be issued at a price
of 99.54% of their principal amount. Proceeds from the Notes will be
used to repay $500 million of Delphi Corporation’s outstanding senior
notes due 2021 and to fund future growth initiatives such as
acquisitions, and share repurchases.
Deutsche Bank AG, London Branch, Merrill Lynch International and J.P.
Morgan Securities plc 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) Deutsche Bank AG, London Branch at synops@list.db.com,
(2) Merrill Lynch International toll-free at 1-800-294-1322 or (3) J.P.
Morgan Securities plc collect at +44-20-7134-2468. The Notes are being
offered pursuant to an effective shelf registration statement filed with
the U.S. 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.
Relevant stabilization regulations including FCA / ICMA apply.
About Delphi
Delphi Automotive PLC (NYSE: DLPH) is a leading global supplier of
technologies for the automotive and commercial vehicle markets.
Headquartered in Gillingham, U.K., Delphi operates major technical
centers, manufacturing sites and customer support services in 33
countries. Delphi delivers innovation for the real world with
technologies that make cars and trucks smarter and safer as well as more
powerful and efficient.
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 Delphi
Corporation’s outstanding senior notes due 2021. 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.
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