Faurecia in €300 Million Debut Eurobond Offering

October 5, 2005

Cleary Gottlieb represented Faurecia in a Regulation S offering of €300 million of 3.625% bonds due 2010. The bonds are listed on the Luxembourg Stock Exchange. The offering was underwritten by a syndicate led by HSBC CCF and SG Corporate & Investment Banking.

The debut bond issue was intended to allow Faurecia to raise financing independent from its principal shareholder Peugeot, a strategy that began with a syndicated loan agreement signed earlier this year. Peugeot owns approximately 71.39% of Faurecia’s capital.

Faurecia is a leading supplier of automotive equipment, providing auto seats, interiors and other components to the world’s major automobile companies, including General Motors, Ford, Peugeot and Volkswagen. In 2004, Faurecia posted revenues of €10.7 billion.