8-K
filed April 1, 2026, 7:59 PM ET
ticker VGNT
CIK 0002078008
other material
confidence high
sentiment positive
materiality 1.00
Versigent PLC (VGNT): M&A transaction — Versigent completes spin-off from Aptiv, debuts on NYSE with $8.8B revenue, $528M net income
Versigent PLC
- Received one Versigent share for every three Aptiv shares held on March 17, 2026; tax-free spin-off.
- New capital structure: $1.35B credit facilities ($500M term loan, $850M revolver) and $1.6B in senior notes (6.125% 2031, 6.375% 2034).
- Appointed Joseph Liotine (CEO), Doug Ostermann (CFO), and new board of seven directors; Paul Meister non-executive chair.
- 2025 financials: $8.8B revenue, $528M net income, $893M adjusted EBITDA; targeting >200bps EBITDA margin expansion and $1B FCF by 2028.
- First quarter 2026 results to be announced May 5, 2026.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Versigent PLC incurred term loan of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at not specified maturing five-year.
- Instrument
- term loan
- Principal
- $500 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- not specified
- Maturity
- five-year
- Event
- incurrence
Exact text from the filing
collateral agent (the “Foreign Collateral Agent”), with respect to $1.35 billion in senior secured credit facilities. The Credit Agreement consists of a senior secured five-year $500 million term loan facility (the “Term Loan A Facility”) and a five-year $850 million senior secured revolving credit facility (the “Revolving Credit Facility”) (collectively, the “Credit
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Versigent PLC incurred revolving credit of $850 million with JPMorgan Chase Bank, N.A., as administrative agent at not specified maturing five-year.
- Instrument
- revolving credit
- Principal
- $850 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- not specified
- Maturity
- five-year
- Event
- incurrence
Exact text from the filing
the Credit Agreement consists of a senior secured five-year $500 million term loan facility (the "Term Loan A Facility") and a five-year $850 million senior secured revolving credit facility (the "Revolving Credit Facility") (collectively, the "Credit Facilities"). In connection with the completion of the Spin-Off, the Term Loan A Facility was fully drawn on March 27, 2026.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Versigent PLC issued 70,892,660 ordinary shares of common stock to Aptiv PLC for transfer of certain entities that are part of Aptiv’s Electrical Distribution Systems segment.
- Security
- common stock
- Shares
- 70,892,660 ordinary shares
- Purchaser
- Aptiv PLC
- Consideration
- transfer of certain entities that are part of Aptiv’s Electrical Distribution Systems segment
Exact text from the filing
On March 26, 2026, in connection with the Spin-Off, the Company issued 70,892,660 ordinary shares to Aptiv in consideration for the transfer of certain entities that are part of Aptiv’s Electrical Distribution Systems segment.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Versigent PLC: Conversion from limited company to public limited company, name change to Versigent PLC, and adoption of new Memorandum and Articles of Association (effective 2026-03-26).
- Change
- charter amendment
- Effective
- 2026-03-26
Exact text from the filing
Upon the effectiveness of the Spin-Off, the Company converted from a limited company to a public limited company under the laws of Jersey and changed its name from “Versigent Limited” to “Versigent PLC.” The Company’s Memorandum and Articles of Association became effective in connection with the Spin-Off and were approved, on March 26, 2026, by Aptiv, in its capacity as the sole member of the Company.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Versigent PLC completed a disposition involving Aptiv PLC (closed 2026-04-01).
- Action
- disposition
- Counterparty
- Aptiv PLC
- Closing
- 2026-04-01
Exact text from the filing
On April 1, 2026 (the “Distribution Date”), Aptiv PLC (“Aptiv”) completed the previously announced distribution of all of the ordinary shares of Versigent Limited (“Versigent,” the “Company,” “we,” “us,” or “our”) to holders of Aptiv’s ordinary shares on a pro rata basis (the “Spin-Off”).
View on SEC.gov
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