TRW Automotive finalizes note offering |
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Thu, 15 Mar 2007 23:33
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LIVONIA, Mich. (AP) - Auto supplier TRW Automotive Holdings Corp. said Thursday it finalized the details of a private offering of senior notes worth more than $1.46 billion.The notes include $500 million of 7 percent senior notes due in 2014, $600 million of 7.25 percent senior notes due in 2017 and about $364 million (275 million euros) in 6.375 percent senior notes due in 2014.TRW Automotive said the offering will occur on March 26.The company said it will use the proceeds to repurchase debt and for related fees and expenses.TRW Automotive shares fell 18 cents to $32.96 in electronic aftermarket trading. During regular trading hours on the New York Stock Exchange, the shares rose 56 cents to close at $33.14.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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