Faurecia to offer €400 million of sustainability-linked senior notes due 2026 (the "sustainability-linked notes")

Faurecia has announced today that it will make an offering of €400 million of 2026 Sustainability-Linked Notes. The Sustainability-Linked Notes are to be issued under Faurecia's Sustainability-Linked Financing Framework established in October 2021.

Faurecia will use the net proceeds of the offering of the Sustainability-Linked Notes to refinance in part the bridge facilities put in place for the acquisition of HELLA.

The launch of this Sustainability-Linked Notes issue is fully in line with Faurecia’s commitment to a sustainable future, and in particular with the Group’s ambition to be CO2 neutral on its scopes 1 and 2 by 2025. The Sustainability Performance Target in the Sustainability-Linked Notes is in line with our objective validated by SBTi to be CO2 neutral on our Scopes 1 and 2 by 2025 from a 2019 base year.

The Sustainability-Linked Financing Framework has been reviewed by ISS ESG, the Second Party Opinion provider, which assessed the contribution of the Faurecia’s Sustainability-Linked Notes to the Sustainable Development Goals defined by the United Nations (UN SDGs) as having a “Significant Contribution” to “Affordable and Clean Energy” and “Climate action” goals.