Complete settlement of the exchange offer
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
- 17 Sep 2020
- Due
- 5 Oct 2020
- Delivered
- 5 Oct 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“settlement of the Exchange Offer, which is expected to occur on or about October 5, 2020”
What we found
Evidence strength A What the grades mean
BorgWarner completed the exchange offer for Delphi Technologies notes on October 5, 2020, as originally scheduled.
-
A BorgWarner 10-Q filed 2020-10-29
“On October 5, 2020, the Company completed its offer to exchange approximately $800 million in aggregate principal amount of the outstanding 5.000% Senior Notes due 2025 (“DT Notes”) of Delphi Technologies.” ✓ confirmed on the page
Market reaction: the shares moved -4.0% against the S&P 500 over the three sessions around the disclosure (28 Oct 2020 to 2 Nov 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
- Settlement of the exchange offer
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
- Conditional
- Yes: unless BorgWarner extends the Expiration Date or terminates the Exchange Offer
- Depends on
- Counterparty
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-017321 · Corrections policy