debt
confidence high
sentiment neutral
materiality 0.60
Aptiv upsizes tender offer to $1.371B, sets pricing; contingent on Versigent spin-off
Aptiv PLC
- Maximum aggregate consideration increased from $1.35B to $1.371B.
- Early tenders: $447.6M of 3.25% 2032 notes, $367M of 5.15% 2034 notes, $302.3M of 5.75% 2054 notes.
- Prices set per $1,000: 3.25% 2032 at $940.93, 5.15% 2034 at $1,023.34, 5.75% 2054 at $970.42.
- Conditioned on completion of Versigent spin-off and receipt of ≥$1.7B special dividend from Versigent.
- Settlement expected April 7, 2026; tender offer expires April 3, 2026.