Aptiv Announces Pricing of Senior Notes Offering

DUBLIN (STL.News) Aptiv PLC (NYSE: APTV) (the “Company”), a global technology company focused on making mobility safer, greener and more connected, today announced it priced $700 million principal amount of 2.396% Senior Notes due 2025 (the “2025 Notes”), $800 million principal amount of 3.250% Senior Notes due 2032 (the “2032 Notes”) and $1 billion principal amount of 4.150% Senior Notes due 2052 (the “2052 Notes” and, together with the 2025 Notes and the 2032 Notes, the “Notes”).  The Notes will be co-issued by the Company and Aptiv Corporation, an indirect subsidiary of the Company (together with the Company, the “Issuers”), and will be guaranteed by Aptiv Global Financing Limited an indirect subsidiary of the Company.

The 2025 Notes will be issued at a price of 100.000% of the principal amount, the 2032 Notes will be issued at a price of 99.600% of the principal amount, and the 2052 Notes will be issued at a price of 99.783% of the principal amount.  The net proceeds from the Notes will be used to fund a portion of the cash consideration payable in connection with the Company’s previously announced acquisition of Wind River Systems, Inc. (the “Acquisition”).  Any remaining proceeds will be used for general corporate purposes.  If the Acquisition is not consummated on or prior to July 10, 2023, or is terminated prior to such date, the Issuers will be required to redeem the 2032 Notes and the 2052 Notes and intend to use the net proceeds from the offering of the 2025 Notes for general corporate purposes.  The offering of the Notes is expected to close on February 18, 2022, subject to customary closing conditions.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Goldman Sachs & Co. LLC are joint book-running managers for the offering of the Notes.


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