Autoliv Inc. Enters Material Definitive Agreement

TL;DR

Autoliv just signed a big deal, could affect their finances.

AI Summary

On July 17, 2024, Autoliv, Inc. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The principal executive offices are located in Stockholm, Sweden.

Why It Matters

This filing indicates a significant financial commitment or obligation for Autoliv, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks that require careful evaluation.

Key Numbers

• 001-12933 — SEC File Number (Identifies Autoliv's filings with the SEC.)
• 51-0378542 — IRS Employer Identification No. (Autoliv's tax identification number.)

Key Players & Entities

• Autoliv, Inc. (company) — Registrant
• July 17, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Stockholm, Sweden (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $1.00 — registered Common Stock (par value $1.00 per share) ALV New York Stock Excha
• $125,000,000 — agent. The Agreement provides for a US$125,000,000 revolving credit facility (the "Facilit

Filing Documents

• alv-20240717.htm (8-K) — 46KB
• 0000950170-24-084445.txt ( ) — 167KB
• alv-20240717.xsd (EX-101.SCH) — 31KB
• alv-20240717_htm.xml (XML) — 5KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement On July 17, 2024, Autoliv, Inc. (the "Company"), together with its wholly owned subsidiary, Autoliv ASP, Inc., entered into a new Revolving Credit Facility Agreement (the "Agreement") with Standard Chartered Bank, as the mandated lead arranger, the original lender, and the facility agent. The Agreement provides for a US$125,000,000 revolving credit facility (the "Facility") that matures on May 23, 2029. Under the terms of the Agreement, the Company will pay a commitment fee on the undrawn amount of 0.14875% per annum, representing 35% of the applicable margin, which depends on the Company's credit ratings and is currently 0.425%. The Company may during a period of up to five years draw loans of varying maturities, and any amounts drawn by the Company under the Facility will be used for general corporate purposes. The Facility is guaranteed by the Company and Autoliv ASP, Inc. As with all of the existing principal debt arrangements of the Company, the Agreement does not contain any financial covenants but does include customary events of default. As of July 18, 2024, no borrowings were drawn under the Facility. The foregoing description of the Agreement does not purpose to be complete and is qualified in its entirety by reference to the full text of the Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2024.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth in Item 1.01 of this report is hereby incorporated by reference under this Item 2.03.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AUTOLIV, INC By: /s/ Anthony J. Nellis Name: Anthony J. Nellis Title: Executive Vice President, Legal Affairs and General Counsel Date: July 18, 2024

View Full Filing

View this 8-K filing on SEC EDGAR