Adient

Adient

is an American Irish-domiciled company that manufactures automotive seating for customers worldwide and is based in Plymouth, Michigan, United States.

Key facts

Legal NameAdient India Private Limited
Company Operating StatusActive
Full Address49200 Halyard Dr, Plymouth, Michigan 48170, US
Public/PrivatePrivate
Stock SymbolADNT
Ticker SymbolADNT

Covenant analysis

CovenantTermvs marketSource
Repricing Premium · Prepayment Premium1.00% of aggregate principal amount of Term Loans subject to a Repricing Event occurring within six months after the Amendment No. 5 Effective Datemarket 1% vs prepayment premium median 1% (n=12)source ↗
Polish Collateral Release · CollateralLiens on Polish Collateral automatically and irrevocably released concurrently with or following release of liens securing ABL Credit Agreement, First Lien Notes and 2028 First Lien Notes obligationssource ↗
Representations and Warranties Compliance · Condition PrecedentTrue and correct in all material respects on and as of the Amendment No. 5 Effective Datesource ↗
No Default Representation · Condition PrecedentNo Default or Event of Default shall have occurred and be continuing or would result from the Amendmentsource ↗