Loan & DebtAug 10, 2026, 08:34 AM
BorgWarner Launches Tender Offers for up to $840M Senior Notes
AI Summary
BorgWarner Inc. announced the commencement of cash tender offers for its outstanding senior notes. This includes an "Any and All Offer" for its 7.125% Senior Notes due 2029 and a "Waterfall Offer" for up to $720 million aggregate purchase price of four other series of senior notes. The tender offers are part of a balanced capital allocation strategy aimed at growing the company's long-term earnings and are set to expire on August 14, 2026. The company also plans to redeem any 7.125% Notes that remain outstanding after the tender offer.
Key Highlights
- Commenced cash tender offers for outstanding senior notes.
- Includes an "Any and All Offer" for $120.685 million of 7.125% Senior Notes due 2029.
- Also includes a "Waterfall Offer" for up to $720 million of other senior notes.
- The tender offers will expire at 5:00 p.m. New York City time on August 14, 2026.
- Company intends to redeem any 7.125% Senior Notes due 2029 not purchased in the tender offer.
- The offers are part of a balanced capital allocation strategy to grow long-term earnings.
Price Impact
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