other material
confidence high
sentiment neutral
materiality 0.60
Aptiv completes redomestication to new Jersey company; shares exchange 1-for-1
Aptiv PLC
- Royal Court of Jersey sanctioned scheme on Dec 13; effective Dec 17, 2024.
- Each outstanding Aptiv share exchanged for one New Aptiv share; New Aptiv tax resident in Switzerland.
- New Aptiv guaranteed $6.7B+ senior notes and $500M subordinated notes; assumed $600M Term Loan A.
- ASR agreements with Goldman Sachs and JPMorgan for up to $3B repurchase assumed by New Aptiv.
- Existing directors and officers continue in same roles; committees remain unchanged.