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Motherson Sumi Systems informs about company updates

09 Jun 2016 Evaluate

Motherson Sumi Systems has informed that their subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (the Company) has announced the pricing of its US 300 million 5.5-year non-call 3 year senior secured Notes offering at 4.875% per annum, due December 2021 (the 2016 Notes). This is the third successful issue of Notes by the Company and marks its successful debut in the US dollar bond markets. The 2016 Notes have been rated BB+ by S&P and are jointly and severally guaranteed on a senior secured basis by certain of its subsidiaries. An application is being filed to have the 2016 Notes listed on the Irish Stock Exchange. The proceeds from the issuance and sale of the 2016 Notes will be used to repay existing third party indebtedness and for general corporate purposes, including to make certain capital expenditures. The offering is scheduled to close on June 16, 2016. ANZ, DBS Bank, Deutsche Bank and HSBC acted as Joint Global Coordinators and ANZ, DBS Bank, Deutsche Bank, HSBC, Barclays and Standard Chartered Bank acted as Joint Book runners and Joint Lead Managers to the offering.

The above information is a part of company’s filings submitted to BSE.

SamvardhanaMotherson Share Price

125.00 2.30 (1.87%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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