other material
confidence high
sentiment neutral
materiality 0.65
Aptiv launches $1.35B tender offer for 7 note series; conditionally redeems $401M 2029 notes
Aptiv PLC
- Tender offer up to $1.35B for notes with maturities 2032-2054; acceptance priority levels assigned per series.
- Early tender premium $30 per $1,000 principal; early deadline March 19, 2026; offer expires April 3, 2026.
- Conditioned on completion of Versigent spin-off and receipt of special dividend ≥$1.7B from Versigent.
- Also conditionally redeeming entire $401M 4.650% Senior Notes due 2029 on April 7, 2026, subject to same conditions.
- Settlement expected April 7, 2026; Citigroup, Goldman Sachs, J.P. Morgan serving as dealer managers.