UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
Preliminary Results of Tender Offer
On March 29, 2021, Adient plc announced that, in connection with the previously announced tender offer (the “Tender Offer”) by its indirect wholly-owned subsidiary, Adient US LLC (the “Issuer”), to purchase for cash up to $640,000,000 aggregate principal amount (the “Tender Cap”) of its $800,000,000 outstanding 7.00% Senior First Lien Notes due 2026 (the “Notes”), the Issuer has been advised by Global Bondholder Services Corporation, as Depositary for the Tender Offer, that at the end of the day, 5:00 p.m., New York City time on Friday, March 26, 2021 (the “Early Tender Time”), the Tender Offer was oversubscribed as it had received tenders of $648,425,000 aggregate principal amount of the Notes pursuant to the Tender Offer.
A copy of the press release dated March 29, 2021 is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.
On March 30, 2021, the Issuer purchased $640,000,000 aggregate principal amount of Notes that were validly tendered as of the Early Tender Time for aggregate cash of approximately $701,600,000, which reflected the total consideration offered in the Tender Offer for Notes validly tendered (107.00% of the principal amount of the Notes validly tendered), plus accrued and unpaid interest to, but not including, March 30, 2021. Following the purchase, the Issuer cancelled the $640,000,000 aggregate principal amount of Notes that were purchased.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
EXHIBIT INDEX
| Exhibit |
Exhibit Description | |
| 99.1 | Press Release of Adient plc dated March 29, 2021. | |
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ADIENT PLC | ||||||
| Date: March 30, 2021 | By: | /s/ Jeffrey M. Stafeil | ||||
| Name: | Jeffrey M. Stafeil | |||||
| Title: | Executive Vice President and Chief Financial Officer | |||||