Lear Corporation Issues Senior Notes

19.05.1999, 07:47

Southfield, Michigan (PROTEXT) - Lear Corporation (NYSE: LEA)today announced that it has issued $1.4 billion aggregateprincipal amount of senior notes. The private offering included$800 million of 10-year notes bearing interest at a rate of 8.11%and $600 million of six-year notes bearing interest at a rate of7.96%. The net proceeds from the sale of the senior notes were usedto repay a portion of the indebtedness under the Company's seniorcredit facilities which was incurred to finance the Company'srecent acquisition of UT Automotive. The senior notes have not been registered under the SecuritiesAct of 1933, as amended, and may not be offered or sold in theUnited States absent registration under the Securities Act andapplicable state securities laws or available exemptions fromsuch registration requirements. ots Original Text Service: LearCorporation Internet: http://www.newsaktuell.de Contact: Media,Karen Stewart, Director-Corporate Communications Tel.: (in theUSA) 248-447-1651, or Analyst, Jonathan Peisner, Director-Investor Relations Tel.: (in the USA) 248-447-1624, both of LearCompany News On-Call: http://www.prnewswire.com/comp/518304.htmlor fax, 800-758-5804, ext. 518304 Web site: http://www.lear.com

Subscribers please note that material bearing the slug"PROTEXT" is not part of CTK's news service and is not to bepublished under the "CTK" slug. Protext is a commercial serviceproviding distribution of press releases from clients, who areidentified in the text of Protext reports and who bear fullresponsibility for their contents.

PROTEXT

Chci zadat tiskovou zprávu

Chci dostávat tiskové zprávy

Vaše tiskové zprávy rozšíříme spolu se zpravodajstvím ČTK uživatelům agenturního servisu jako jsou média, ekonomická sféra, státní správa a veřejnost. Texty zůstávají uloženy v Infobance ČTK, jsou součástí mobilní aplikace ČTK a obdrží je také tisíce odběratelů našeho e-mail servisu. Veřejnosti je zpřístupníme na více než 15 zpravodajských portálech.

Doporučujeme

Protext služby