TRW Automotive Holdings Corp. (TRW) announced that its subsidiary, TRW Automotive Inc., has completed private offering of 3.50% exchangeable senior notes due 2015. The company stated that the underwriters fully exercised their option to purchase additional notes to cover over-allotments, resulting in a total sale of $259 million in aggregate principal amount of Notes.
The company estimates that the net proceeds from the offering will be approximately $251 million after deducting initial purchasers' discounts and estimated offering expenses.
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