Autoliv (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has renewed its €3 billion guaranteed euro medium-term note programme (EMTN Programme). The Board of Directors of Autoliv, Inc. Funding Committee approved the renewal on February 14, 2023, which will run for one year.
The EMTN Programme was initially established on April 11, 2019, and the renewal will provide the company with funding opportunities from capital markets and institutional investors by issuing notes under the EMTN Programme.
The EMTN Programme offers a valuable financial instrument to Autoliv, Inc. for attracting potential investors and broadening its capital base. As a result, the company will have access to more capital, which it can use to finance research and development projects, purchase equipment, expand operations, and engage in strategic mergers and acquisitions.
The Notes issued under the EMTN Programme will be irrevocably and unconditionally guaranteed by the company’s subsidiary, Autoliv ASP, Inc. The company’s ability to access the capital markets efficiently and cost-effectively is a testament to its financial strength, growth potential, and creditworthiness.
Base Listing Particulars Approved by Euronext Dublin
The Base Listing Particulars were dated February 17, 2023, and prepared by Autoliv, Inc. and the Guarantor in connection with the EMTN Programme. Euronext Dublin approved the Base Listing Particulars, which are available for viewing on the website of Euronext Dublin.
Autoliv, Inc. Saves Thousands of Lives and Reduces Injuries through its Products
At Autoliv, Inc., safety is the top priority. The company develops, manufactures, and markets protective systems, such as airbags, seatbelts, and steering wheels, for all major automotive manufacturers worldwide. Autoliv, Inc. also offers mobility safety solutions, such as pedestrian protection, connected safety services, and safety solutions for riders of powered two-wheelers.
In 2022, Autoliv, Inc.’s products saved close to 35,000 lives and reduced more than 450,000 injuries. These impressive statistics demonstrate the company’s unwavering commitment to developing innovative safety solutions that redefine the standards of mobility safety.
Conclusion
The renewal of the €3 billion guaranteed euro medium-term note programme will provide Autoliv, Inc. with an opportunity to expand its capital markets and institutional investors. The company’s success in obtaining funding through the capital markets and institutional investors will help finance its continued growth and development of innovative safety solutions that save lives and reduce injuries.
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