Autoliv, Inc. (NYSE:ALV) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k

5 years ago

Autoliv, Inc. (NYSE:ALV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

The information contained in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.

Section 2 Financial Information

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Issue of Notes by Autoliv, Inc.

On June 27, 2019, Autoliv, Inc. (the Issuer) issued EUR 100,000,000 of Floating Rate Notes due December 2020 (the Notes). The Notes have a coupon rate of the three-month Euro Interbank Offered Rate (EURIBOR) rate plus 0.50% per annum, and the issue price of the Notes was 100.168% of the aggregate nominal amount of the Notes. The Notes were offered to third parties in denominations of EUR 100,000 and increments of EUR 1,000 above that. Autoliv ASP, Inc. (the Guarantor) is guarantor of all payments due in respect of the Notes. The net proceeds from the offering of the Notes will be used by the Issuer for general corporate purposes.

The Notes were issued to the Pricing Supplement dated June 25, 2019 (the Pricing Supplement) which supplements the base listing particulars (the Base Listing Particulars) of the Issuers EUR 3,000,000,000 guaranteed medium term note programme dated April 11, 2019 (the EMTN Programme). Copies of the Pricing Supplement and the Base Listing Particulars are filed as Exhibits 1.1 and 4.1 to this Form 8-K, respectively, and are incorporated herein by reference.

The Notes were issued to the terms of: (i) the Programme Agreement dated April 11, 2019, by and among the Issuer, the Guarantor and the dealers named therein (the Programme Agreement); and (ii) the Agency Agreement dated April 11, 2019, by and among the Issuer, the Guarantor and the dealers named therein (the Agency Agreement). The Programme Agreement and the Agency Agreement contain customary terms and conditions. Copies of the Programme Agreement and the Agency Agreement are filed as Exhibits 4.2 and 4.3 to this Form 8-K, respectively, and are incorporated herein by reference.

Application has been made to the Irish Stock Exchange plc trading as Euronext Dublin for the Notes to be admitted to the official list of Euronext Dublin and to trading on the Global Exchange Market of Euronext Dublin.

The Notes were issued to Regulation S under the United States Securities Act of 1933, as amended (the Securities Act), and have not been and will not be registered under the Securities Act. The Notes may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements under the Securities Act. This Current Report on Form 8-K shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, including the Notes or any other securities of the Issuer or the Guarantor.

(d) Exhibits.

EXHIBIT INDEX

AUTOLIV INC Exhibit
EX-1.1 2 d771976dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 MIFID II product governance / Professional investors and ECPs only target market Solely for the purposes of the manufacturers product approval process,…
To view the full exhibit click here

About Autoliv, Inc. (NYSE:ALV)

Autoliv, Inc. is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors. Passive safety systems manage vehicle safety and include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems passive safety electronic products, such as restraint electronics and crash sensors. Active safety systems intervene before a collision to make accidents avoidable or to reduce impact.