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TRW Completes Public Offering, Raising Approximately $269 Million in Net Proceeds
Monday, August 17, 2009 4:52 PM


(Source: PRNewswire)trackingLIVONIA, Mich., Aug. 17 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW), today announced that it successfully completed its previously announced public offering of 16,100,000 shares of common stock at a price of $17.50 per share to the public. The number of shares included 2,100,000 shares sold pursuant to the exercise of the underwriters' over-allotment option.

The Company received approximately $269 million in net proceeds from the offering. In accordance with the terms outlined in the Company's credit agreement, approximately $87 million of the net proceeds will be used to repay borrowings under its term loan A facility and term loan B facility. The remaining proceeds will be used to repay borrowings under the Company's revolving credit facility.

J.P. Morgan, Goldman, Sachs & Co. and BofA Merrill Lynch were joint book-running managers for the offering. The shares were offered pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

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.

Forward-Looking Statements

This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof.



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