TRW Automotive to repay some term loan debt with notes proceeds

By Sara Rosenberg

New York, Nov. 16 - TRW Automotive Holdings Corp. plans to repay borrowings under its term loans using about half of the proceeds from a $225 million exchangeable senior notes offering, according to a news release.

Remaining proceeds will be used for general corporate purposes, which may include additional repayment of debt.

TRW is a Livonia, Mich.-based automotive supplier.

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