Auburn Hills, Michigan, October 17, 2024 – BorgWarner Inc. (NYSE: BWA) (“BorgWarner” or the “Company”) announced today that it will redeem in full the entire outstanding $343,443,000 aggregate principal amount of its 5.000% Senior Notes due 2025 (the “2025 Notes”) on November 1, 2024 (the “Redemption Date”). The redemption is in accordance with the terms of the Indenture, dated as of September 23, 1999, between the Company 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 Seventh Supplemental Indenture, dated as of October 5, 2020, between the Company and Deutsche Bank Trust Company Americas, as the indenture trustee (the “Trustee”).
All outstanding 2025 Notes (CUSIP: 099724AM8 / U0560UAA0; ISIN: US099724AM84 / USU0560UAA08) will be redeemed on the Redemption Date. The total redemption price is the sum of (i) 100% of the principal amount of the Notes to be redeemed; and (ii) the Applicable Premium as of, and accrued and unpaid interest to, the Redemption Date with respect to the 2025 Notes.
The Trustee is acting as the paying agent. The address for the paying agent is as follows:DB Services Americas, Inc. 5022 Gate Parkway Suite 200 MS JCK01-0218 Jacksonville, FL 32256 For Information call 1-800-735-7777
The Company has received all necessary approvals for this redemption.