Forvia to offer EUR500m of sr notes due 2031

Forvia to offer EUR500m of sr notes due 2031

Forvia, a leading provider of senior secured loans and other investments in private middle market companies, has announced plans to issue EUR500 million of senior notes due in 2031. The notes will carry a 5.100% coupon and are expected to mature on January 15, 2031 [1]. The offering is slated to close on September 9, 2025, subject to customary closing conditions.

The notes will be underwritten by a group of leading financial institutions, including BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc., among others. The funds raised from this offering will be used to repay certain outstanding indebtedness under Forvia's debt facilities and to reborrow for general corporate purposes, including investing in portfolio companies [1].

Forvia expects to use the net proceeds from this offering to strengthen its balance sheet and support its investment objectives. The company aims to generate attractive levels of current income and potential capital appreciation for investors through its investments in high-quality borrowers [1].

Investors are advised to carefully consider the investment objective, risks, charges, and expenses associated with Forvia's offering. Detailed information about the offering can be found in the pricing term sheet, preliminary prospectus supplement, and accompanying prospectus, which have been filed with the Securities and Exchange Commission [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250902248831/ares-capital-corporation-prices-public-offering-of-650-million-5100-unsecured-notes-due-2031