debt
confidence high
sentiment neutral
materiality 0.55
Aptiv completes $1.37B cash tender offer for senior notes; conditions met for Versigent spin-off
Aptiv PLC
- Tender offer expired April 3, 2026; settlement expected April 7, 2026 for $1.371B aggregate consideration.
- Spin-off of Electrical Distribution Systems business (Versigent) and $1.7B special dividend conditions satisfied.
- $456.5M of 3.250% notes due 2032 accepted; 5.150% notes due 2034 accepted $370.5M.
- 4.150% notes due 2052 accepted only $79.6M (proration factor 19.2%); 3.100% notes due 2051 not accepted.
- Dealer managers: Citigroup, Goldman Sachs, J.P. Morgan; tender agent: Global Bondholder Services.