08:58 AM EDT, 09/10/2024 (MT Newswires) -- Phinia ( PHIN ) said Tuesday that it is planning to offer up to $400 million in unsecured senior notes maturing in 2032 in a private offering.

The notes would be guaranteed by certain Phinia ( PHIN ) subsidiaries, the company said.

Phinia ( PHIN ) said the net proceeds would be used to repay all of the outstanding debt under its term loan A facility, to pay fees and expenses, and for general corporate purposes.