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Autoliv Amplifies Capital Agility with €3 Billion EMTN Programme Extension

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Robert Tavares

March 6, 2024 - 16:22 pm

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Autoliv Bolsters Capital Strategy with €3 Billion EMTN Programme Renewal

STOCKHOLM, March 6, 2024 /PRNewswire/ -- In a strategic move envisioned to enhance its capital funding landscape, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), a global trailblazer in the automotive safety sector, has officially received the green light from its Funding Committee of the Board of Directors for extending the life of its sizeable €3,000,000,000 Guaranteed Euro Medium Term Note Programme (abbreviated as the "EMTN Programme"). This extension was announced on March 5, 2024, reflecting a continued commitment to the programme since its establishment back on April 11, 2019.

The EMTN Programme, which is essentially a financial instrument allowing the company to issue debt, is crucial for Autoliv’s approach towards harnessing the widely diverse opportunities presented by the capital markets and a broad spectrum of institutional investors. By renewing the programme, the company is setting the stage for potential future issuances of notes, known colloquially as the "Notes." These Notes, once issued, will enjoy an unconditional and irrevocable guarantee from the Company's wholly-owned subsidiary, Autoliv ASP, Inc. (the "Guarantor"). This guarantee further solidifies the financial underpinning of the Notes, offering a robust level of security to investors.

On March 6, 2024, with the EMTN Programme's annual refresh, Autoliv also issued their "Base Listing Particulars," a comprehensive document meticulously prepared by both Autoliv and the Guarantor in association with the programme. After thorough review, Euronext Dublin has granted its approval, indicating the document meets the requisite standards for financial disclosures. Interested parties, including prospective investors and analysts, can easily access and scrutinize the Base Listing Particulars via Euronext Dublin’s digital portal at http://www.ise.ie.

Contact Information

Inquiries regarding the renewed EMTN Programme, its potential impact on the financing strategy of Autoliv, or any other financial and corporate concerns, can be directed through the following channels:

For Treasury matters, Par-Ola Wirenlind is available at the line +46 (0) 7 030 332 78. If the inquiries relate to shareholders' interests or financial analysis, individuals such as Anders Trapp, with direct access via +46 (0) 8 587 206 71, and Henrik Kaar, reachable at +46 (0) 8 587 206 14, are prepared to engage in discussions and provide clarifications. The media may extend their questions to Gabriella Etemad who can be contacted on her mobile at +46 (70) 612 64 24.

Exploring the Pioneering World of Autoliv

Autoliv, Inc., traded on both NYSE and Nasdaq Stockholm under ticker symbols ALV and ALIVsdb respectively, stands tall as the preeminent authority in the realm of automotive safety systems. This corporate giant has cemented its role as an indispensable provider for every major car manufacturer globally, pioneering an array of life-saving systems ranging from airbags and seatbelts to advanced steering wheels. Furthermore, Autoliv's reach extends beyond traditional automotive safety, venturing into next-gen mobility safety solutions targeting pedestrian welfare, interconnected safety services, and devising safety mechanisms tailored for powered two-wheelers. Renowned for its relentless pursuit of excellence, Autoliv is consistently at the cutting edge of transforming mobility safety norms.

In the previous financial year, 2023, Autoliv's innovations had a monumental impact—its products were instrumental in saving approximately 35,000 lives and significantly decreasing injuries, with more than 450,000 instances recorded. These numbers are a testament to the company's efficacious strategies and its unyielding vision to "Save More Lives." Quality is the cornerstone of each venture at Autoliv—a mantra echoed by its passionate workforce of 70,000 associates dispersed across 25 countries.

Continual innovation is a hallmark of Autoliv; it drives cutting-edge research and development projects forward at 14 technical centers complemented by 20 testing tracks. The fiscal triumphs are equally impressive, with sales hitting the $10.5 billion mark in 2023. A detailed exploration of Autoliv's business ethos and contributions is available at www.autoliv.com.

Important Regulatory Information

It is imperative to convey that this communication does not, under any circumstances, constitute an offer to sell or a solicitation of an offer to buy any form of securities in the United States or any other jurisdiction where such actions would fall under the category of illegality. Securities detailed in the Base Listing Particulars (referred to as the "Securities") remain unregistered under the United States Securities Act of 1933, as amended (dubbed the "Securities Act"), alongside any associated state or jurisdictional securities laws within the United States borders, and may not find themselves offered or sold in any direct or indirect way within the United States or to, or for the account or benefit of, U.S. persons, except under established exemptions or transactions not regulated by the Securities Act or applicable state and local securities laws.

Forward-looking Statements Disclaimer

This correspondence indulges in forward-looking statements, not rooted in historical facts, but rather predictive commentary in the vein of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements make encapsulations regarding prospective activities, events, or developmental trajectories that the management of Autoliv, Inc. aspires to or forecasts for the future. The foundation of all these forward-looking statements lies in current expectations and suppositions that are supported by various assumptions and data obtained from third-party sources. The beliefs entwined in these statements are put forth in genuine sincerity and are predicated on what is perceived to be a sensible groundwork. However, one must pay heed to the reality that such forward-looking statements might not actualize as envisioned or may diverge from anticipatory correctness due to being inherently susceptible to risks, uncertainties, and other influential factors—any of which could precipitate an actual future that veers off significantly from publicised future results, performance metrics, or achievements.

An exhaustive compilation of risks, uncertainties, and an array of factors could herald actual results that starkly contrast with what is set forth in the forward-looking statements. Autoliv, Inc. assumes no responsibility to update or revise any such statements in light of fresh information or upcoming events or changes in circumstances that transpire post-communication issuance, excluding any legal compliance requirements. By bringing forward these forward-looking statements, Autoliv, Inc. invokes the shelter provided by the safe harbor provision within the Private Securities Litigation Reform Act of 1995 and reaffirms the stance of non-compulsion regarding public update or revision of statements to reflect new knowledge or future occurrences, except as mandated by law.

Supplementary Materials Available

For those interested in delving further into the details of Autoliv's EMTN Programme and related specifics, additional files are available for download. Providing essential information, these documents are made accessible to the public and serve as a resource for a comprehensive understanding of the initiative and its potential financial ramifications.

One such file, marked "PR EMTN 6 March 2024 GE", can be downloaded directly from the following link: https://mb.cision.com/Public/751/3941804/a9f2eb21bc1eebb0.pdf. This file, among others, serves as a supplementary data point for all relevant parties looking to acquire a detailed account of the programme and its attributes.

In conclusion, the extension of Autoliv's €3,000,000,000 EMTN Programme signifies a strategic consolidation of the company's capital raising efforts and future financial robustness. By renewing the programme, Autoliv is not only maintaining its ability to maneuver within international capital markets but also reaffirming its commitment to innovation, excellence, and most importantly, the enduring mission of saving lives. The annotated documents and the information made available underscore the company's dedication to transparency and financial rigour. Through forward-looking perspectives and a well-articulated safety philosophy, Autoliv continues to set industry standards while charting a dynamic course for sustainable growth.