ZF North America Capital Inc. Announces Tender Offer Results

On November 3, 2026, ZF North America Capital, Inc., ZF Europe Finance B.V., and ZF Finance GmbH reported the results of their recent Tender Offer. The offer entailed inviting holders of several notes, guaranteed by ZF Friedrichshafen AG, to tender their notes for purchase. This affected a total issue of $600 million USD and €2.0512 billion in various series of notes.

The maximum acceptance amount was set at $800.45 million, with ZF North America Capital accepting $200 million out of $495.86 million tendered in 6.875% 2028 USD Notes. For ZF Finance GmbH, €135.4 million of 2.250% notes due 2028 and €401.3 million of 3.750% notes due 2028 were accepted. No notes were accepted from ZF Europe Finance B.V. for 2.500% notes and 4.750% notes due 2029.

The Tender Offer began on October 26 and concluded on November 2, with settlement anticipated on November 4. New notes were successfully issued on November 2, fulfilling the New Financing Condition. The offer was conducted under various legal jurisdictions, including the US, Italy, and France.