BorgWarner Announces Tender Offer for Senior Notes Due 2025
Company Announcements

BorgWarner Announces Tender Offer for Senior Notes Due 2025

BorgWarner (BWA) has shared an update.

BorgWarner Inc. has launched a cash tender offer for its outstanding 3.375% and 5.000% Senior Notes due in 2025, with full details available online and offers set to expire on August 13, 2024. The purchase price for the notes will be calculated based on a fixed spread over the yield to maturity of U.S. Treasury Reference Securities. Noteholders will also be compensated for accrued interest up until the expected payment date on August 16, 2024.

Learn more about BWA stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBorgWarner Announces Leadership Change and Dividend
TheFlyBorgWarner says Joseph Fadool to replace Frederic Lissalde as CEO
TheFlyBorgWarner price target raised to $39 from $38 at Deutsche Bank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App