Articles from PHINIA Inc.

PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today released its 2024 Sustainability Report, reflecting company-wide progress across environmental, social, and governance priorities in 2024. Now in its second year, the report details PHINIA’s continued investment and development in sustainable operations and innovation, circular economy practices, inclusivity and engagement, employee well-being and development, and responsible supply chain operations, among other key strategies and progress.

In line with its commitment to championing first-to-market innovations and market leading products, Delphi, a brand of PHINIA Inc., added over 2,000 new parts to its portfolio in the first half of 2024.

PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it has priced its previously announced offering (the “Offering”) and has agreed to issue and sell $525 million aggregate principal amount of its 6.75% senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the Offering of the notes was increased from the previously announced Offering size of $425 million aggregate principal amount of notes. The notes will be sold to investors at 100.00% plus accrued interest, if any, from April 4, 2024. The closing of the Offering of the notes is expected to occur on or about April 4, 2024, subject to customary closing conditions.

PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023. PHINIA’s earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA’s website, PHINIA - Investor Relations.

PHINIA Inc. begins trading today as an independent company on the New York Stock Exchange under the ticker symbol “PHIN”. This follows the completion of its spin-off from BorgWarner (NYSE:BWA) on July 3 which created a leading Fuel Systems and Aftermarket business, with strong brands including Delphi, Delco Remy®, and Hartridge. The company’s mission is to deliver high quality, innovative systems and components for OE and aftermarket customers across commercial and light vehicles and industrial applications, while leveraging fuel technology as a pathway to carbon neutrality.