Samvardhana Motherson Automotive Systems Group B.V. announces pricing of New 2015 Notes
Motherson Sumi Systems announced that Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRP, BV), Company's subsidiary and joint venture with Samvardhana Motherson International has announced the pricing of the new 100 million 10 year senior secured Notes offering at 3.700% per annum, due 2025 (the 2015 Notes).This is the second successful issue of Notes by the company in less than one year. The new 2015 Notes have been rated BB+ by S&P, the same as the existing Notes and are jointly and severally guaranteed on a senior secured basis by certain of its subsidiaries. The new Notes have been placed with a large institutional investor and these Notes will be listed on the Irish Stock Exchange.
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