debt
confidence high
sentiment neutral
materiality 0.60
Aptiv issues $2.15B in senior and subordinated notes; rates from 4.65% to 6.875%
Aptiv PLC
- $550M 4.650% senior notes due 2029, $550M 5.150% due 2034, $550M 5.750% due 2054.
- $500M 6.875% fixed-to-floating subordinated notes due 2054 (reset after Dec 2029 at Treasury +3.385%).
- Notes issued by Aptiv PLC and Aptiv Global Financing; fully guaranteed by Aptiv Corporation.
- Joint book-runners J.P. Morgan and Goldman Sachs; offering registered under existing S-3 shelf.
- Interest payable semi-annually from March 13, 2025; redeemable at company's option per indenture.