Aptiv Announces Pricing and Upsizing of $1.6 Billion Private Note Offering Ahead of Spin-Off

Details

The offering size was increased by $100 million from the previously announced $1.5 billion. The notes are being offered to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S. The proceeds, together with borrowings under a new credit facility, will fund a dividend to Aptiv and retain $400 million for Versigent's general corporate purposes. The offering is expected to close on March 18, 2026, pending customary closing conditions. The subsidiaries also entered into an $850 million senior secured revolving credit facility and a $500 million senior secured term loan credit facility.

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.