|Bid||0.00 x 2200|
|Ask||0.00 x 1200|
|Day's Range||16.84 - 17.20|
|52 Week Range||5.39 - 18.51|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.63|
At this time, I would like to welcome everyone to the BorgWarner 2020 Third Quarter Results Conference Call. It's posted on our website, borgwarner.com, on our homepage and on our Investor Relations homepage. Please see the Events section of our Investor Relations homepage for a full list.
Moody's Investors Service has withdrawn all ratings of Delphi Technologies PLC (Delphi) following BorgWarner Inc.'s (BorgWarner) acquisition of Delphi and Moody's expectations for insufficient financial information and support going forward to maintain ratings on the outstanding Delphi notes. BorgWarner announced completion of the acquisition of Delphi Technologies on October 2, 2020 after $776.3 million (97.04% of the $800 million outstanding) of Delphi Technologies' 5.00% senior notes due 2025 were validly tendered in connection with the previously announced private exchange offer made by BorgWarner with respect to the Delphi Technologies notes.
Moody's Investors Service ("Moody's") assigned a Baa1 rating to BorgWarner Inc.'s ("BorgWarner") new $800 million of senior unsecured notes. Other debt ratings are unaffected including BorgWarner's P-2 short-term and Baa1 senior unsecured. The new $800 million of senior unsecured notes will be offered in exchange for Delphi Technologies PLC's ("Delphi") outstanding 5.00% Senior Notes due 2025 ("DT Notes").