Aptiv's spin-off subsidiaries commence $1.5B senior notes offering; also arrange $850M revolver and $500M term loan

Aptiv PLC

Cyprium Corp and Cyprium Luxembourg launch $1.5B private offering of senior notes due 2031 and 2034.
Co-issuers also entered into $850M senior secured revolving credit facility and $500M term loan.
Proceeds will fund a dividend to Aptiv; Versigent to retain $300M cash for general purposes.
Offering is exempt from registration under Rule 144A and Regulation S.
Notes will be held in escrow pending completion of the spin-off of Aptiv's EDS segment (Versigent).

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