Autoliv: Board of Directors approves renewal of EMTN Programme

Rhea-AI Summary

The Board of Directors of Autoliv approved a one-year renewal of its €3 billion guaranteed euro medium term note programme (EMTN Programme). This programme allows the Company to raise funds from capital markets and institutional investors through future note issuances, all guaranteed by its parent, Autoliv ASP. The base listing particulars, approved by Euronext Dublin, provide further details and are accessible online. This renewal reflects Autoliv's strategy to leverage market opportunities for financing and support its operational needs.

Positive

• Renewal of the EMTN Programme facilitates funding opportunities.
• The €3 billion limit provides substantial financial flexibility.

Negative

• None.

STOCKHOLM, Feb. 22, 2022 /PRNewswire/ -- The Funding Committee of the Board of Directors of Autoliv, Inc. (NYSE: ALV and SSE: ALIV.sdb) (the "Company") approved today the renewal for one year of its €3,000,000,000 guaranteed euro medium term note programme (the "EMTN Programme"), which was originally established on 11 April 2019. 

The renewal of the EMTN Programme will allow the Company to take advantage of the funding opportunities provided by the capital markets and institutional investors through the future issuance of notes (the "Notes"). The Notes issued by the Company under the EMTN Programme will be unconditionally and irrevocably guaranteed by the Company's parent, Autoliv ASP, Inc. (the "Guarantor").

The base listing particulars dated February 222, 2022 (the "Base Listing Particulars"), which has been prepared by the Company and the Guarantor in connection with the EMTN Programme, has been approved by Euronext Dublin and is available for viewing on the website of Euronext Dublin (http://www.ise.ie).

CONTACT:

Inquiries

Treasury: Par-Ola Wirenlind, Tel +46 (0) 7 030 332 78
Investors & Analysts: Anders Trapp, Tel +46 (0) 8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Ekelund, Tel +46 (70) 612 64 24

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/autoliv/r/autoliv--board-of-directors-approves-renewal-of-emtn-programme,c3512285

The following files are available for download:

https://mb.cision.com/Main/751/3512285/1539209.pdf

Autoliv EMTN Programme Update 2022

View original content:https://www.prnewswire.com/news-releases/autoliv-board-of-directors-approves-renewal-of-emtn-programme-301487745.html

SOURCE Autoliv

FAQ

What is the significance of Autoliv's renewal of the EMTN Programme?

The renewal allows Autoliv to tap into capital markets for funding, enhancing liquidity and operational support.

How much is the renewed EMTN Programme worth?

The EMTN Programme has been renewed for €3 billion.

Who guarantees the notes issued under the EMTN Programme?

The notes will be unconditionally and irrevocably guaranteed by Autoliv ASP, Inc.

When was the EMTN Programme originally established?

The EMTN Programme was originally established on April 11, 2019.