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
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