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Form 8-K · Current Report · Filed 2024-09-13

Aptiv PLC Announces Offering of Senior and Subordinated Notes

On September 13, 2024, Aptiv PLC announced the offering of $550 million aggregate principal amount of 4.650% Senior Notes due 2029, $550 million aggregate principal amount of 5.150% Senior Notes due 2034, $550 million aggregate principal amount of 5.750% Senior Notes due 2054, and $500 million aggregate principal amount of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.

Filer
Aptiv PLC APTV · NYSE
Filed
Accession
0001193125-24-218903
CIK
0001521332
Signal
High impactConsumer Cyclical

Details

The offering includes an eleventh supplemental indenture and a first supplemental indenture, and is supported by underwriting agreements and legal opinions. These notes are fully and unconditionally guaranteed by Aptiv Corporation.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 8.01

Other Events

Regulatory Investigation Regulatory Approval Regulatory Denial SEC Subpoena Lawsuit Filed Major Legal Settlement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$67.00

Next session

+2.7%

Since filing

-33.2%

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:

Aptiv PLC Announces Redemption of $700 Million Senior Notes-4.5%
Aptiv PLC Enters into $600 Million Term Loan Credit Agreement-0.2%
Aptiv PLC Announces $3.0 Billion Accelerated Share Repurchase Program-5.5%
Aptiv Announces Second Quarter 2024 Results and New Share Repurchase Program+0.3%
Aptiv PLC Announces Issuance of €750M Senior Notes-5.5%

Exhibits (11)

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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