Cahill Represents Initial Purchasers in Adient’s $795 Million Notes Offering
Date: 02/03/25
Cahill represented the initial purchasers in connection with a Rule 144A offering of $795 million aggregate principal amount of 7.500% senior unsecured notes due 2033 by Adient Global Holdings Ltd, a subsidiary of Adient plc.
Proceeds from the offering, together with cash on hand, will be used to redeem Adient’s existing 4.875% Senior Unsecured Notes due 2026.
Adient designs, manufactures, and markets a range of seating systems and components for passenger and commercial vehicles.