05:30 PM EDT, 03/26/2024 (MT Newswires) -- Phinia ( PHIN ) said Tuesday it priced an upsized offering of $525 million of 6.75% senior secured notes due 2029.

Phinia ( PHIN ) said the notes would be sold to investors at 100% plus accrued interest from April 4, and expects to close the offering by the same day.

The company will use the net proceeds to repay term loan B and revolving credit facilities, and for general corporate purposes.