Form 8-K · Current Report · Filed 2024-08-02
Aptiv PLC Announces $3.0 Billion Accelerated Share Repurchase Program
On August 1, 2024, Aptiv PLC announced an accelerated share repurchase program under which it entered into agreements with Goldman Sachs International and JPMorgan Chase Bank, N.A.
- Filer
- Aptiv PLC APTV · NYSE
- Filed
- Accession
- 0001193125-24-192916
- CIK
- 0001521332
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Details
to repurchase up to $3.0 billion of its ordinary shares. The repurchase is being financed through cash on hand and a new $2.5 billion unsecured bridge credit facility with JPMorgan Chase Bank, N.A., which will be refinanced with new debt or other liquidity sources. The share repurchases are expected to be completed by the second quarter of 2025.
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$73.13
Next session
-5.5%
Since filing
-38.8%
Latest close
$44.76
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from APTV reporting the same item, with the next session's move:
Exhibits (3)
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.
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