Aptiv Announces Pricing of Senior Notes Offering
04 Juin 2024 - 10:55PM
Business Wire
Aptiv PLC (NYSE: APTV) (the “Company”), a global technology
company focused on making mobility safer, greener and more
connected, today announced it priced €750,000,000 principal amount
of 4.250% Senior Notes due 2036 (the “Notes”). The Notes will be
co-issued by the Company and Aptiv Global Financing Limited, an
indirect subsidiary of the Company (together with the Company, the
“Issuers”), and will be guaranteed by Aptiv Corporation, an
indirect subsidiary of the Company.
The Notes will be issued at a price of 99.723% of the principal
amount. The net proceeds from the Notes will be used to repay the
Company’s 1.500% euro-denominated senior notes due 2025 in full
prior to their maturity, with any remaining net proceeds to be used
for general corporate purposes. The offering of the Notes is
expected to close on June 11, 2024, subject to customary closing
conditions.
J.P. Morgan Securities plc, Barclays Bank PLC and BNP Paribas
are joint book-running managers for the offering of the Notes.
The offering of the Notes is made only by means of a prospectus.
Copies may be obtained by contacting (1) J.P. Morgan Securities plc
at +44.20.7134.2468 (Non-US investors) or J.P. Morgan Securities
LLC collect at +1.212.834.4533 (US investors), (2) Barclays Bank
PLC at +1.888.603.5847 or (3) BNP Paribas at +1.800.854.5674. The
Notes are being offered pursuant to an effective shelf registration
statement, as amended, filed with the U.S. Securities and Exchange
Commission (the “SEC”) on February 9, 2022.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor will there be
any sale of the Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful. Any offer, solicitation or
sale of the Notes will be made only by means of the prospectus
supplement and the accompanying prospectus.
About Aptiv
Aptiv is a global technology company that develops safer,
greener and more connected solutions enabling a more sustainable
future of mobility.
Forward-Looking Statements
This press release, as well as other statements made by Aptiv
PLC (the “Company”), contain forward-looking statements that
reflect, when made, the Company’s current views with respect to
current events, the proposed offering of the Notes, certain
investments and acquisitions and financial performance. Such
forward-looking statements are subject to many risks, uncertainties
and factors relating to the Company’s operations and business
environment, which may cause the actual results of the Company to
be materially different from any future results, express or
implied, by such forward-looking statements. All statements that
address future operating, financial or business performance or the
Company’s strategies or expectations are forward-looking
statements. Factors that could cause actual results to differ
materially from these forward-looking statements include, but are
not limited to, the following: global and regional economic
conditions, including conditions affecting the credit market;
global inflationary pressures; uncertainties created by the
conflict between Ukraine and Russia, and its impacts to the
European and global economies and our operations in each country;
uncertainties created by the conflicts in the Middle East and their
impacts on global economies; fluctuations in interest rates and
foreign currency exchange rates; the cyclical nature of global
automotive sales and production; the potential disruptions in the
supply of and changes in the competitive environment for raw
material and other components integral to the Company’s products,
including the ongoing semiconductor supply shortage; the Company’s
ability to maintain contracts that are critical to its operations;
potential changes to beneficial free trade laws and regulations,
such as the United States-Mexico-Canada Agreement; changes to tax
laws; future significant public health crises; the ability of the
Company to integrate and realize the expected benefits of recent
transactions; the ability of the Company to attract, motivate
and/or retain key executives; the ability of the Company to avoid
or continue to operate during a strike, or partial work stoppage or
slow down by any of its unionized employees or those of its
principal customers; and the ability of the Company to attract and
retain customers. Additional factors are discussed under the
captions “Risk Factors” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” in the Company’s
filings with the Securities and Exchange Commission, including
those set forth in the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2023 and the Company’s Quarterly
Report on Form 10-Q for the three months ended March 31, 2024. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
the Company. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events and/or otherwise, except
as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604741978/en/
Investor Contact: Jane Wu +1.617.603.7941
jane.wu@aptiv.com
Aptiv (NYSE:APTV)
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