The Additional Notes are rated BB+ by S&P and are jointly and severally guaranteed on a senior secured basis by certain of the Company's subsidiaries.
Motherson Sumi Systems Ltd has announced that One of Company's subsidiaries, Samvardhana Motherson Automotive Systems Group B.V. (the Company) has announced the launch of its proposed tap issue of US$ 100,000,000 US$ 150,000,000 (Capped) senior secured notes offering (the Additional Notes) to form a single series with the U.S.$300,000,000 4.875% Senior Secured Notes due 2021.
The Additional Notes are rated BB+ by S&P and are jointly and severally guaranteed on a senior secured basis by certain of the Company's subsidiaries.
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