|[February 11, 2013]
Delphi Corporation Announces Pricing of Senior Notes Offering
GILLINGHAM, England & TROY, Mich. --(Business Wire)--
Delphi Corporation ("Delphi"), a subsidiary of Delphi Automotive PLC
(NYSE: DLPH), announced today the pricing of its sale of $800 million in
aggregate principal amount of 5.0% Senior Notes due 2023 (the "Notes").
The Notes will be issued at a price of 100.0% of their principal amount.
The Notes will be guaranteed by Delphi Automotive PLC and by certain of
its subsidiaries. Delphi expects to use the net proceeds to repay a
portion of the term loan indebtedness under its credit agreement and for
general corporate purposes.
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith
Incorporated, Deutsche Bank Securities Inc., Barclays Capital Inc.,
Citigroup Global Markets Inc. and Goldman, Sachs & Co. are joint
book-running managers for the offering.
The offering of these securities is made only by means of a prospectus.
Copies may be obtained by contacting J.P. Morgan Securities LLC,
Syndicate Desk, 383 Madison Avenue, New York, NY 10179, telephone:
212-834-4533. The Notes are being offered pursuant to an effective shelf
registration statement filed with the Securities and Exchange Commission
on December 19, 2012.
This press release does not constitte an offer to sell or the
solicitation of an offer to buy any of the Notes, nor will there be any
sale of the Notes in any jurisdiction in which such offer, solicitation,
or sale would be unlawful. Any offer, solicitation, or sale of the Notes
will be made only by means of the prospectus supplement and the
Forward Looking Statements
This press release, as well as other statements made by Delphi
Automotive PLC (the "Company"), contain forward-looking statements that
reflect, when made, the Company's current views with respect to current
events and financial performance. Such forward-looking statements are
subject to many risks, uncertainties and factors relating to the
Company's operations and business environment, which may cause the
actual results of the Company to be materially different from any future
results. All statements that address future operating, financial or
business performance or the Company's strategies or expectations are
forward-looking statements. Factors that could cause actual results to
differ materially from these forward-looking statements are discussed
under the captions "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
Company's filings with the Securities and Exchange Commission. New risks
and uncertainties arise from time to time, and it is impossible for us
to predict these events or how they may affect the Company. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events and/or otherwise, except as may be required by law.
Delphi Automotive (NYSE: DLPH) is a leading global supplier of
electronics and technologies for automotive, commercial vehicle and
other market segments. Operating major technical centers, manufacturing
sites and customer support facilities in 32 countries, Delphi delivers
real-world innovations that make products smarter and safer as well as
more powerful and efficient. Connect to innovation at www.delphi.com.
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