Adient closes USD2-billion private placement of USD and EUR senior notes
Proceeds to make cash transfers to Johnson Controls in connection with spin-off
Adient, Johnson Controls’ automotive seating and interiors business, has successfully closed the offering of USD900 million aggregate principal amount of 4.875% dollar-denominated senior unsecured notes due 2026, and EUR1 billion (USD 1.1 billion) aggregate principal amount of 3.50% euro-denominated senior unsecured notes due 2024, the company said in a press release.
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