TRW Automotive Holdings Corp. (TRW) said Monday that its subsidiary, TRW Automotive Inc., priced its previously announced private offering of $225 million in aggregate principal amount of 3.50% exchangeable senior notes due 2015.
In addition, TRW Automotive Inc. has granted the initial purchasers of the notes a 30-day option to purchase up to an additional $33.75 million in aggregate principal amount of notes, solely to cover over-allotments, if any.
The notes will pay interest semi-annually on June 1 and December 1 at a rate of 3.50% per annum, and will mature on December 1, 2015.
The company estimates that the net proceeds from this offering will be about $218 million after deducting initial purchasers' discounts and estimated offering expenses.
TRW Automotive Inc. plans to use about one-half of the net proceeds from the offering to repay borrowings under its existing term loan facilities and to use the remaining net proceeds for general corporate purposes, which may include additional repayment of debt.
For comments and feedback contact: editorial@rttnews.com
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.