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TRW Prices Public Offering of Common Stock at $17.50
Tuesday, August 11, 2009 6:53 PM


(Source: PRNewswire)trackingLIVONIA, Mich., Aug. 11 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW), today announced the pricing of its registered public offering of 14,000,000 shares of its common stock at $17.50 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 shares of its common stock to cover over-allotments, if any.

The Company is expected to receive $234,087,500 in net proceeds from the sale of its common stock, plus any proceeds received from the exercise by the underwriters of their over-allotment option. TRW intends to use one-third of the net proceeds of the offering to repay borrowings under its term loan A facility and term loan B facility pro-rata and the remaining proceeds to repay borrowings on its revolving credit facility.

The offering was made under an effective shelf registration statement. J.P. Morgan, Goldman, Sachs & Co. and BofA Merrill Lynch were joint book-running managers.

A final prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. Copies of the final prospectus supplement relating to the offering may be obtained from the offices of J.P. Morgan, National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 (718-242-8002) or Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department (212-902-1171) or BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department (212-449-1000).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. The offering of these securities will be made only by means of the prospectus supplement and accompanying prospectus.

About TRW

With 2008 sales of $15.0 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 26 countries and employs approximately 60,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated.



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