Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call

SOUTHFIELD, Mich., April 21, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today provided an update on its liquidity position, as well as details on the Company’s first quarter 2020 earnings conference call.

Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation)

As of the quarter ended April 4, 2020, Lear had approximately $2.45 billion in cash on hand, which includes $1 billion of cash proceeds from the Company’s revolver drawdown, which was announced on March 26, 2020.  Lear also has $750 million of remaining availability on its revolving credit facility, which matures in August 2024.

In addition, Lear announced that the Company will hold a conference call to review first quarter 2020 financial results and related matters on May 8, 2020, at 8:30 a.m. EDT

To participate in the conference call:

  • Domestic calls: (800) 789-4751 
  • International calls: (973) 200-3975

The conference code is 4796123.

You also may listen to the live audio webcast of the call, in listen-only mode, on Lear’s Investor Relations website at ir.lear.com.  The webcast replay will be available two hours following the call.

Note: The first quarter 2020 slide presentation will be available on Lear’s website before the earnings call begins on May 8, 2020.                             

Cision

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SOURCE Lear Corporation