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Form 8-K · Current Report · Filed 2024-12-19

Aptiv Swiss Holdings Completes Merger with Aptiv Irish Holdings

On December 19, 2024, Aptiv Swiss Holdings Limited, a subsidiary of Aptiv PLC, merged with Aptiv Irish Holdings Limited, another subsidiary of Aptiv PLC.

Filer
Aptiv PLC APTV · NYSE
Filed
Accession
0001193125-24-282021
CIK
0001521332
Signal
High impactConsumer Cyclical

Details

The merger resulted in Aptiv Swiss Holdings surviving the merger. This transaction included the assumption of all outstanding senior and subordinated notes by Aptiv Swiss Holdings through supplemental indentures. The Thirteenth Senior Supplemental Indenture covers €500 million of 1.60% Euro-denominated Senior Notes due 2028, $300 million of 4.35% Senior Notes due 2029, $550 million of 4.65% Senior Notes due 2029, $800 million of 3.25% Senior Notes due 2032, $550 million of 5.15% Senior Notes due 2034, €750 million of 4.25% Euro-denominated Senior Notes due 2036, $300 million of 4.40% Senior Notes due 2046, $350 million of 5.40% Senior Notes due 2049, $1.5 billion of 3.10% Senior Notes due 2051, $1 billion of 4.15% Senior Notes due 2052, and $550 million of 5.75% Senior Notes due 2054. The Third Subordinated Supplemental Indenture covers $500 million of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

M&A Agreement Financial Instrument Agreement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$56.65

Next session

+3.9%

Since filing

-21.0%

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 Reports Third Quarter 2024 Financial Results-18.4%
Aptiv PLC Announces Offering of Senior and Subordinated Notes+2.7%
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%

Exhibits (2)

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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