Complete the Exchange Offer and Consent Solicitation
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 2 Sep 2020
- Due
- 1 Oct 2020
- Delivered
- 1 Oct 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The Exchange Offer and Consent Solicitation will expire at 5:00 p.m., New York City time, on October 1, 2020”
What we found
Evidence strength A What the grades mean
BorgWarner successfully completed the Exchange Offer and Consent Solicitation by the October 1, 2020 expiration date, with approximately 97% of the outstanding notes validly tendered.
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A BorgWarner 8-K filed 2020-10-05
“as of 5:00 p.m., New York City time, on October 1, 2020 (the “Expiration Date”), approximately $776.3 million in aggregate principal amount of outstanding 5.000% Senior Notes due 2025... were validly tendered” ✓ confirmed on the page
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A BorgWarner 8-K filed 2020-10-05
“As of the Expiration Date, all conditions to the Exchange Offer and Consent Solicitation were satisfied.” ✓ confirmed on the page
Market reaction: the shares moved +3.9% against the S&P 500 over the three sessions around the disclosure (2 Oct 2020 to 7 Oct 2020). What this measures
Checked 20 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Transaction other
- Indicative materiality
- Medium rules
- Action
- Complete
- Deliverable
- Exchange Offer and Consent Solicitation
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
- Conditional
- Yes: subject to terms and conditions set forth in the Offering Memorandum
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-BWA-017317 · Corrections policy