Auburn Hills, Michigan, May 19, 2021 – BorgWarner Inc. (NYSE: BWA) (“BorgWarner” or the “Company”) announced today that it will redeem in full the entire outstanding €500 million aggregate principal amount of its 1.80% Senior Notes due 2022 (the “2022 Notes”) on June 18, 2021 (the “Redemption Date”). The redemption is in accordance with the terms of the Indenture, dated as of September 23, 1999, between Borg-Warner Automotive, Inc. and The Bank of New York Mellon Trust Company, N.A. (successor in interest to Chase Manhattan Trust Company, National Association), as trustee, as supplemented by that Fifth Supplemental Indenture, dated as of November 6, 2015, between the Company and Deutsche Bank Trust Company Americas, as the indenture trustee (the “Trustee”).
All outstanding 2022 Notes (NYSE: BWA22) (ISIN: XS1317708805) will be redeemed on the Redemption Date. The total redemption price is the sum of (i) 100% of the principal amount of the 2022 Notes being redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date; and (ii) the Make-Whole Amount with respect to such 2022 Notes.
The 2022 Notes are held though Euroclear Bank S.A./N.V. (“Euroclear”) and Clearstream Banking, société anonyme (“Clearstream”) and will be redeemed in accordance with the procedures of Euroclear and Clearstream. The Trustee is acting as the paying agent. The address for the paying agent is as follows:
DB Services Americas, Inc.5022 Gate Parkway SouthJacksonville, Florida 32256Attention: Redemption Unit
The Company has received all necessary approvals for this redemption.