PHINIA Inc. announced that it is planning to offer $425 million aggregate principal amount of its senior secured notes due 2029 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The notes will be guaranteed by each of the Company?s subsidiaries that guarantees its credit facilities. The notes and the guarantees will be secured by first-priority security interests in substantially all of the Company?s and the guarantors?

assets, subject to certain excluded assets, exceptions and permitted liens, which security interests will rank equally with the security interests securing its credit facilities. 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 to pay a portion of the fees and expenses in connection with the Offering.