Delphi Corporation (“Delphi”), a subsidiary of Delphi Automotive PLC (NYSE: DLPH), announced today the pricing of its sale of $800 million in aggregate principal amount of 5.0% Senior Notes due 2023 (the “Notes”). The Notes will be issued at a price of 100.0% of their principal amount. The Notes will be guaranteed by Delphi Automotive PLC and by certain of its subsidiaries. Delphi expects to use the net proceeds to repay a portion of the term loan indebtedness under its credit agreement and for general corporate purposes.
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated, Deutsche Bank Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. are joint book−running managers for the offering.
The offering of these securities is made only by means of a prospectus. Copies may be obtained by contacting J.P. Morgan Securities LLC, Syndicate Desk, 383 Madison Avenue, New York, NY 10179, telephone: 212-834-4533. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on December 19, 2012.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer, solicitation, or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.
Forward Looking Statements
This press release, as well as other statements made by Delphi Automotive PLC (the “Company”), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in the Company's filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.