Faurecia in €250 Million Issuance of High Yield Notes

May 3, 2012

Cleary Gottlieb was counsel to Faurecia in a Regulation S issue of €250 million of 8.75% senior notes due 2019. The notes are listed on the Euro MTF market of the Luxembourg Stock Exchange. The Global Coordinator and Bookrunner for the offering was Credit Agricole Corporate and Investment Bank. The offering of the notes priced on April 27 and closed on May 3.

Faurecia is a leading automotive equipment supplier that furnishes auto seats, interiors and other automobile components to the world's major automobile companies, including VW, GM, Ford, Peugeot, BMW, Daimler Benz and others. Its 2011 total sales were €16.2 billion. Faurecia's principal shareholder is Peugeot, which owns approximately 57.3% of its capital.