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LONDON - Morgan Stanley & Co. International plc has initiated a pre-stabilisation period for Autoliv, Inc.’s upcoming senior unsecured notes due 2030, according to a statement released Wednesday.
The stabilisation period is expected to begin immediately and end no later than November 28, 2025. Morgan Stanley will serve as the Coordinating Stabilisation Manager, alongside BNP PARIBAS and ING Bank N.V. as additional Stabilisation Managers.
The notes will be guaranteed by Autoliv ASP, Inc. The aggregate nominal amount and offer price are yet to be confirmed.
During the stabilisation period, the managers may over-allot securities or conduct transactions to support the market price of the securities at a level higher than might otherwise prevail, in accordance with applicable laws and regulations. However, the statement notes that stabilisation may not necessarily occur and any stabilisation action may cease at any time.
The stabilisation trading venues will be Euronext Dublin and the Global Exchange Market, which is an unregulated market.
The announcement specifies that the securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption.
The information was provided through a regulatory announcement service of the London Stock Exchange.
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