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PHINIA Inc. – ‘8-K’ for 3/25/24

On:  Tuesday, 3/26/24, at 5:14pm ET   ·   For:  3/25/24   ·   Accession #:  1140361-24-15329   ·   File #:  1-41708

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/26/24  PHINIA Inc.                       8-K:8,9     3/25/24   12:200K                                   Broadridge Fin’l So… Inc

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     33K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     15K 
 3: EX-99.2     Miscellaneous Exhibit                               HTML     15K 
 7: R1          Document and Entity Information                     HTML     45K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
12: XML         XBRL Instance -- ef20025024_8k_htm                   XML     15K 
 8: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 5: EX-101.LAB  XBRL Labels -- phin-20240325_lab                     XML     63K 
 6: EX-101.PRE  XBRL Presentations -- phin-20240325_pre              XML     46K 
 4: EX-101.SCH  XBRL Schema -- phin-20240325                         XSD     14K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               13±    20K 
11: ZIP         XBRL Zipped Folder -- 0001140361-24-015329-xbrl      Zip     25K

‘8-K’   —   Current Report

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 iX:   C: 
 i false i 000196891500019689152024-03-252024-03-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM  i 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  i March 25, 2024
 
 
 i PHINIA INC.
(Exact name of registrant as specified in its charter)
 

 i Delaware
 i 001-41708
 i 92-2483604
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

 i 3000 University Drive
 i Auburn Hills,  i Michigan
  
 i 48326
(Address of principal executive offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code: ( i 248)  i 732-1900
 
Not applicable
(Former name or former address, if changed since last report)

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


  i ☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 i ☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 i ☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 i ☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
 
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
 
 i Common Stock, par value $0.01 per share
  
 i PHIN
  
 i New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.
Other Events.
 
On March 25, 2024 and March 26, 2024, PHINIA Inc. (the “Company”) announced the commencement and subsequent pricing, respectively, of a private offering (the “Offering”) of $525 million aggregate principal amount of 6.75% senior secured notes due 2029 (the “notes”). The aggregate principal amount of the Offering of the notes was increased from the previously announced Offering size of $425 million aggregate principal amount of notes. The notes will be sold to investors at 100.00% plus accrued interest, if any, from April 4, 2024.  The closing of the Offering of the notes is expected to occur on or about April 4, 2024, subject to customary closing conditions.
 
The Company intends to use the net proceeds of the Offering to repay all of its outstanding borrowings under its term loan B facility and revolving credit facility, to pay fees and expenses in connection with the Offering, and for general corporate purposes.
 
Pursuant to Rule 135c under the Securities Act of 1933, as amended (the “Securities Act”), the Company is filing herewith the press releases issued on March 25, 2024 and March 26, 2024 as Exhibits 99.1 and 99.2 hereto.  Such press releases are incorporated herein by reference.
 
The notes have not been and will not be registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.  This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Item 9.01.
Financial Statements and Exhibits.
 
Exhibit
Number
  
 
Description
99.1
  
Press Release of PHINIA Inc. dated March 25, 2024
     
99.2
  
Press Release of PHINIA Inc. dated March 26, 2024
     
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES
 
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.
 
 
PHINIA Inc.
   
 Date:  March 26, 2024
By:
/s/ Robert Boyle
   
Name:
 Robert Boyle
   
Title:
Vice President, General Counsel and
Secretary


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
4/4/24None on these Dates
Filed on:3/26/24
For Period end:3/25/24
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Filing Submission 0001140361-24-015329   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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