ENXTPA:FRVIAAuto Components
Forvia (ENXTPA:FRVIA) Valuation Check After Early Redemption of €200m 2028 Notes
Forvia (ENXTPA:FRVIA) just moved to redeem €200 million of its €700 million 3.75% 2028 notes, a proactive debt trim that can lighten future interest costs and subtly reshape the balance sheet.
See our latest analysis for Forvia.
The redemption move comes after Forvia began a strategic review and potential sale of parts of its interiors business. The market has taken notice, with a roughly 52% year to date share price return, but a still muted 3 year total shareholder return suggests that...