Cahill Represents Initial Purchasers in a $525 Million Notes Offering for PHINIA Inc.
Date: 04/04/24
Cahill represented the initial purchasers in connection with a Rule 144A offering of $525,000,000 aggregate principal amount of 6.75% senior secured notes due 2029 by PHINIA Inc (NYSE: PHIN). Proceeds from the offering were used for a refinancing. PHINIA is a leader in the development, design and manufacture of integrated components and systems that are designed to optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications and light vehicles.