Versigent PLC reported first quarter ended March 31, 2026 results: revenue $2,212 million, net income $78 million. Guidance reaffirmed.
“records and are presented on a carve‐out basis as if Versigent had operated as a standalone company for all periods presented. First Quarter 2026 Highlights • Revenue of $2,212 million, an increase of 9% ◦ Revenue increased 3% adjusted for currency exchange and commodity movements • Net income attributable to Versigent of $78 million • Adjusted EBITDA of $203”
Equity Issuances
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.
“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.”
Governance Changes
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).
“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.”
Debt Financings
Versigent PLC incurred revolving credit of $850 million with JPMorgan Chase Bank, N.A., as administrative agent at not specified maturing five-year.
“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.”
Debt Financings
Versigent PLC incurred term loan of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at not specified maturing five-year.
“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”
M&A Transactions
Versigent PLC completed a disposition involving Aptiv PLC (closed 2026-04-01).
“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”).”
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