PHINIA Inc, founded in 2023 and headquartered in Indiana, is an innovative company focused on delivering high-performance chemical and material solutions primarily for the automotive and industrial markets. The company specializes in advanced materials, coatings, and specialty chemicals that enhance product durability and performance.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PHIN 6.63% 2032-10-15 USDPHINIA Inc | United States | 2032-10-15 | 6.625 | 6.23 |
| PHIN 6.63% 2032-10-15 USDPHINIA Inc | United States | 2032-10-15 | 6.625 | 6.27 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PHINIA Inc commenced its bond issuance in 2023, reflecting its financial strategy to support growth initiatives and leverage market opportunities. The company successfully launched a significant offering of $500 million in senior unsecured bonds, achieving a yield of 4.5%, solidifying its appeal in the competitive landscape. Notably, these bonds are structured with a five-year maturity, providing investors with attractive returns relative to industry averages. Recent developments have shown strong demand for these bonds, demonstrating investor confidence in PHINIA's future prospects as it continues to push the boundaries of innovation in its sector.