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AI brief of an SEC Form 8-K · BorgWarner (BWA)

BorgWarner sells $1 billion in senior notes to fund tender offers for 2025 debt

Neutral Impact 3 of 5 financing Written later

BorgWarner agreed on August 7, 2024 to sell $500 million of 4.950% senior notes due 2029 and $500 million of 5.400% senior notes due 2034, for $1 billion in total principal. The company said it will use the proceeds to repurchase any and all of its 3.375% notes due March 15, 2025 and 5.000% notes due October 1, 2025 that are validly tendered in tender offers, with any remainder for general corporate purposes. The filing is a debt refinancing and does not report new financial results.

Key points

  • Two tranches: $500 million of 4.950% notes due August 15, 2029 and $500 million of 5.400% notes due August 15, 2034
  • Interest payable semi-annually on February 15 and August 15, beginning February 15, 2025
  • Proceeds to repurchase 3.375% notes due March 15, 2025 and 5.000% notes due October 1, 2025 via tender offers, plus tender fees and expenses
  • Notes are general unsecured obligations; the indenture is with The Bank of New York Mellon Trust Company, N.A.

The filing

CompanyBorgWarner (BWA)
Form8-K, current report
Filed with the SECAug 8, 2024, 4:36 PM ET
Accession number0001104659-24-087315

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.