Forvia announces that it has completed a bond issue in the principal amount of 200 million euros of additional 5.500% senior bonds due 2031, which will form a single series with those issued on March 11.

The proceeds of this issue were used to buy back 250 million euros of 7.250% sustainability bonds due 2026 as part of a tender offer, thereby reducing the automotive supplier's gross debt.

This offer further reduces the outstanding amount of existing bonds, which currently stands at 330.2 million euros. These operations enable Forvia to proactively manage its indebtedness and extend the average maturity of its debt.

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