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Delphi update on financing for HellermannTyton deal

23 November 2015 09:51

Delphi Automotive's recommended acquisition of HellermannTyton Group will be funding entirely from existing cash resources.

The company has cancelled the senior bridge credit agreement with Barclays Bank which it had announced would be used to partly finance the acquisition following the issue of $650,000,000 3.150% senior notes due 2020 and $650,000,000 4.250% senior notes due 2026.

The company said that Barclays, which is acting as financial adviser, is satisfied that sufficient resources are available to satisfy in full the cash consideration payable to HellermannTyton shareholders.

At 9:51am:

(LON:HTY) HellermannTyton Group share price was +0.05p at 475.05p

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