Faurecia announces a $210 million 2028 loan with Latin America banks

This transaction is part of the program to finance HELLA acquisition. With this additional funds Faurecia will reimburse part of the remaining amount of the bridge loan used to acquire HELLA.

Since the announcement of the HELLA acquisition, Faurecia prefinanced and refinanced more than €3bn of debt at an average cost below 3,25% and has now completed more than 80% of the refinancing for this acquisition.

The $210 million transaction is structured into two tranches in USD and MXN, with a 2028 maturity. Margin above reference rates is close to 3.35% on average which represents an attractive financing cost in the current environment.

The success of this placement shows the ability of Faurecia to access funds in different geographies, with 7 banks from Latin America participating in this Syndicated Loan (private placement under NY law).