secwatch.observer — SEC 8-K summary
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Issuer:     Aptiv PLC (APTV)
CIK:        0001521332
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001193125-24-192916
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aptiv launches $3B accelerated share repurchase, funds with $2.5B bridge loan
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- Entered ASR agreements with Goldman Sachs and JPMorgan to repurchase up to $3.0B of ordinary shares.
- Initial delivery of ~30.8M shares on Aug 2, 2024; final settlement expected by Q2 2025.
- Obtained a $2.5B 364-day unsecured bridge credit facility, priced at SOFR + 1.00%-1.75%.
- Remaining $2.5B available under previously authorized share repurchase program after this transaction.
- Bridge loan subject to mandatory prepayment from asset sales or capital markets issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521332/000119312524192916/0001193125-24-192916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521332/000119312524192916/d874968d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-192916

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