Recent events
Recent events tied to this brand in public sources.
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2020
Sage Automotive Interiors completes acquisition of Adient’s automotive fabric business
Sage Automotive Interiors completed its acquisition of Adient’s automotive fabric business for $175 million and received regulatory approvals.
2020
Adient completed sale of its YFAI stake
Adient announced that it had closed the transaction selling its 30 percent ownership stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) to Yanfeng, receiving US$309 million at closing and becoming entitled to a further US$60 million on a deferred basis.
2020
Adient announces pricing of $600 million notes offering
Adient announced pricing for a private offering by its wholly owned subsidiary, Adient US LLC, of $600 million in aggregate principal amount of 9.00% senior secured notes due 2025. The notes were to be issued at par; the offering was expected to close on April 23, subject to customary conditions.
2020
Adient reports first-quarter 2020 results
Adient announced its first-quarter 2020 financial results, reporting a GAAP net loss of $167 million and adjusted EBITDA of $297 million.