LIVONIA, Mich. – TRW Automotive Holdings announced that its wholly owned subsidiary TRW Automotive Inc. (TAI) intends to privately offer $400 million in aggregate principal amount of senior unsecured notes due 2023.
TAI intends to use the proceeds from the offering for general corporate purposes, including the retirement of its 2014 senior unsecured notes that mature in March 2014.
The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.
Auto Parts 4 Less Group Inc. announced significant revenue growth following its strategic initiatives.
Christopher Davenport, CEO and Founder of Auto Parts 4 Less Group Inc. stated, "We are thrilled to report a significant increase in our revenue over the first quarter of this year. Our revenue climbed from $48,573 in January to $102,409 in March, marking an impressive growth of 111%. This success is primarily driven through our LiftKits4Less.com platform, which we reactivated just five months ago. Additionally, while our subsidiary, Auto Parts for Less Inc., reported a P&L net loss of approximately $5,500 for March, we are very close to achieving a break-even point, which is a testament to our efforts in controlling the burn rate.
The company expects no changes to availability going forward and little to no customer impact as the consolidation is completed.
General repair product lines are now available at Transtar’s branch in Fort Worth, Texas, in addition to transmission and driveline-related products.
The ability to work with Nissan secure systems is available on Snap-on Wi-Fi enabled products operating the latest software.
The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.
The new numbers cover many popular applications, including the Jeep Compass, Lexus GX470, Mazda 3, Nissan Armada, Ram 1500 and more.
The latest release includes coverage for Toyota and Mazda applications.
The total order volume across both projects is just under €1.5 billion.
“The expertise and equipment from Exactra’s many years of experience in the industry are critical to our continued growth,” said Brian Rigney, Dill president.
