Aptiv subsidiaries price upsized $1.6B senior notes to fund spin-off dividend

Aptiv PLC

Offering: $800M of 6.125% notes due 2031 and $800M of 6.375% notes due 2034, up $100M from prior $1.5B total.
Additional financing includes $850M revolver and $500M term loan for Versigent, the Electrical Distribution Systems spin-off entity.
Proceeds will fund a dividend to Aptiv upon spin-off; Versigent retains $400M cash for corporate purposes.
Notes unregistered, offered under Rule 144A/Reg S; expected closing March 18, 2026, subject to customary conditions.

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