Faurecia exercises redemption option on €490 million 9 3/8% notes

By Tali Rackner

Norfolk, Va., March 14 – Faurecia SA is exercising the option to redeem its €490 million of 9 3/8% senior notes due 2016, according to a notice.

The notes will be redeemed at par plus accrued interest on April 12.

The redemption will be funded with the proceeds from a new €500 million senior note offering dated March 16.

Citibank NA, London Branch is the trustee.

Faurecia is a Nanterre, France-based automotive equipment supplier.

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