Autoliv prices EUR 500 million green bond issue

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA

(Stockholm, Sweden, February 1, 2024) – Autoliv, Inc. (NYSE: ALV and SSE: ALIV.sdb), today announced that it has priced a 5.5-year bond offering of EUR 500 million in the Eurobond market (the “Notes”).
 

The Notes are due to be issued on February 7 and will carry a coupon of 3.625%. The Notes are expected to be admitted to trading on the Global Exchange Market (GEM) of the Irish Stock Exchange (Euronext Dublin) upon issue. Standard & Poor’s has assigned the Notes a rating of BBB.

“We are pleased that our second green bond issuance was as successful as our first issuance in March 2023. The coupon rate and the large interest from a broad base of investors reflects the strong support for the success of Autoliv’s sustainability agenda. Issuing Green Bonds allows us to address a broader group of investors and at the same time help finance advancement on our climate targets aligning with the broader society’s sustainability agenda,” said Fredrik Westin, Chief Financial Officer of Autoliv.

Autoliv will issue the notes as green bonds and will allocate an amount equal to the net proceeds from the offering of the notes to new or existing projects that meet at least one of the Eligibility Criteria under its Sustainable Financing Framework.

Inquiries

Treasury: Par-Ola Wirenlind, Tel +46 (0)70 303 32 78

Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 20 671

Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 20 614
Media: Gabriella Etemad, Tel +46 (0)70 612 64 24

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved 35,000 lives and reduced more than 450,000 injuries.

Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centres, with their 20 test tracks. Sales in 2023 amounted to $10.5 billion. For more information go to www.autoliv.com.

Important Information

This document is not an offer of securities for sale nor the solicitation of an offer to purchase securities in the UK, the EU, the United States, or any other jurisdiction.

NOTHING IN THIS COMMUNICATION CONSTITUTES AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES REFERRED TO IN THE BASE LISTING PARTICULARS (THE “SECURITIES”) HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND THE SECURITIES MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS.

This communication relates to issuance conducted on the basis that (i) any offer of securities in any Member State of the European Economic Area or in the UK was be made pursuant to an exemption from the requirement to publish a prospectus under the Prospectus Regulation, and the UK Prospectus Regulation respectively,   (ii) any such securities were not, and will not be, made or made available to retail investors and, accordingly no key information document has been or will be produced for the purpose of the PRIIPs Regulation or the UK PRIIPs Regulation and (iii) that any such securities made available in the United Kingdom will only be made available to persons who (a) have professional experience in matters relating to investments or (b) are persons falling within Article 49(2)(a) to (d) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. . The expression Prospectus Regulation refers to Regulation (EU) 2017/1129 as amended, the expression UK Prospectus Regulation refers to the Prospectus Regulation as it as it forms part of domestic law  of the UK by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”), the expression “PRIIPs Regulation” refers to Regulation (EU) No 1286/2014 as amended and the expression “UK PRIIPs Regulation” refers to the PRIIPs Regulation as it forms part of domestic law of the UK by virtue of EUWA.

Safe Harbor Statement

This communication contains statements that are not historical facts but rather forward-looking statements. Such forward-looking statements include those that address activities, events, or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions, and data available from third parties.

Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements.

Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.

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