Aptiv Announces $1.5 Billion Private Offering of Senior Notes

Details

The offering is part of the financing for the spin-off of Aptiv's Electrical Distribution Systems segment, which will form Versigent Limited. Upon completion of the spin-off, the subsidiaries intend to use the proceeds, together with borrowings under a credit facility, to fund a dividend to Aptiv, leaving Versigent with $300 million in cash for general corporate purposes. The notes are being offered to qualified institutional buyers and outside the United States. This offering does not constitute an offer to sell or a solicitation of an offer to buy any security.

Items reported

About Aptiv PLC

Aptiv PLC is a technology and mobility solutions firm that plays a critical role in the automotive industry. The company is focused on developing advanced safety, electrification, and digital connectivity functionalities for vehicles, supporting the transition toward more sustainable and connected transportation systems. Aptiv’s primary offerings include sophisticated software and electrical architecture, essential for enabling autonomous driving technologies and a seamless flow of information within vehicles. With its broad engineering expertise, Aptiv serves a diverse array of automotive manufacturers globally, optimizing vehicle performance and enhancing user experience. Headquartered in Dublin, Ireland, Aptiv PLC is at the forefront of technological advancements in the automotive sector, continuously innovating to meet the increasing demand for electrified and smart vehicle solutions. Its significant market presence underscores a commitment to quality and innovation, driving comprehensive automotive safety and connectivity. By integrating cutting-edge technology with robust engineering, Aptiv contributes to shaping the future of the automotive landscape, emphasizing efficiency, safety, and environmental sustainability.