Monday, TRW Automotive Holdings Corp. (TRW) said its subsidiary, TRW Automotive Inc. completed its previously announced offering of $250 million in aggregate principal amount of senior unsecured notes due 2017. The Notes will have an interest rate of 8.875% and will be issued at a price equal to 99.292% of their face value.
The company estimates that net proceeds from the offering will be approximately $242 million after deducting initial purchasers' discounts and estimated offering expenses. TAI intends to use approximately $138 million of the net proceeds from the offering to prepay borrowings under its existing term loan facilities and to use the remaining net proceeds for general corporate purposes.
TRW Automotive Holdings Corp., together with its subsidiaries, designs, manufactures, and sells automotive systems, modules, and components for automotive original equipment manufacturers and related after-markets. It operates in three segments: Chassis Systems, Occupant Safety Systems, and Automotive Components.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.