Phinia to repay term loan B with notes proceeds and cash on hand

By Sara Rosenberg

New York, March 25 – Phinia Inc. plans on repaying its term loan B using proceeds from a $425 million senior secured notes offering and cash on hand, according to a market source.

Phinia is an Auburn Hills, Mich.-based provider of fuel systems, starters and alternators to the commercial vehicle, light vehicle, and aftermarket end markets.

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