BorgWarner sets pricing for cash tender offers on senior notes, USD 720 million cap
BWA•Tender offer pricing and cap
BorgWarner priced cash tender offers for five Senior Notes series, targeting up to USD 720 million of Waterfall Notes.
- Any-and-all offer set for USD 121 million of 7.125% Senior Notes due 2029 at USD 1,061.7 per USD 1,000.
- Waterfall Notes include 2.65% Senior Notes due 2027, capped at USD 250 million, priced at USD 986.77 per USD 1,000.
- Other tender prices: 4.95% Senior Notes due 2029 at USD 1,010.87; 5.4% Senior Notes due 2034 at USD 1,019.75.
- The offer expires today; settlement is expected Aug. 18, 2026; remaining 7.125% Senior Notes due 2029 are slated for redemption Sep. 9, 2026.
