Phinia (PHIN) said late Tuesday it has priced a private offering to eligible purchasers of $450 million of 6.625% unsecured senior notes due 2032 at 100% of par value, plus the applicable accrued interest.
Net proceeds will be used for debt repayments, payment of fees related to the offering, and for general corporate purposes, the company said.
The offering, which has been upsized from $400 million, is expected to close on or about Sept. 17, subject to customary conditions.
Price: 45.39, Change: -0.04, Percent Change: -0.09
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