ISSUER:
|
BorgWarner
Inc.
|
TITLE
OF SECURITIES:
|
5.750%
Senior Notes due November 1, 2016
|
RATINGS*:
|
A-
(S&P); Baa2 (Moody’s)
|
TRADE
DATE:
|
October
30, 2006
|
SETTLEMENT
DATE (T+2):
|
November
1, 2006
|
MATURITY
DATE:
|
November
1, 2016
|
AGGREGATE
PRINCIPAL AMOUNT OFFERED:
|
$150,000,000
|
PRICE
TO PUBLIC (ISSUE PRICE):
|
99.348%
|
BENCHMARK:
|
4.875%
US Treasury Notes due August 15, 2016
|
BENCHMARK
TREASURY YIELD:
|
4.677%
|
SPREAD
TO TREASURY:
|
116
basis points
|
INTEREST
RATE:
|
5.750%
per annum
|
INTEREST
PAYMENT DATES:
|
Semi-annually
on each May 1 and November 1, commencing on May 1, 2007
|
DENOMINATIONS:
|
$1,000
by $1,000
|
OPTIONAL
REDEMPTION:
|
Make-whole
call at any time at the greater of 100% of the principal amount of
the
notes being redeemed or discounted present value at the treasury
rate plus
25 basis points
|
LEAD
MANAGER:
|
Morgan
Stanley & Co. Incorporated
|
CO-MANAGERS:
|
Banc
of America Securities LLC, Calyon Securities (USA) Inc., and J.P.
Morgan
Securities Inc.
|
CUSIP:
|
099724
AE 6
|