8-K - Aptiv PLC | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Aptiv PLC announced early results, upsizing to $1,371,000,000 maximum aggregate consideration, and pricing terms for its subsidiary's cash tender offer to purchase various Senior Notes. The offer is conditioned on the Spin-Off of the Electrical Distribution Systems business into Versigent and receipt of at least $1,700,000,000 special dividend, enabling potential debt reduction.

Key Takeaways

1Maximum Aggregate Consideration upsized from $1,350,000,000 to $1,371,000,000

2Early Tender Deadline tenders: $447,590,000 (3.250% Senior Notes due 2032), $366,989,000 (5.150% Senior Notes due 2034), $302,308,000 (5.750% Senior Notes due 2054)

3Total Tender Offer Consideration per $1,000: $940.93 (3.250% 2032), $1,023.34 (5.150% 2034), $970.42 (5.750% 2054)

4Conditions: consummation of Spin-Off into Versigent and special dividend >= $1,700,000,000

5Expected Settlement Date: April 7, 2026; Expiration Date: April 3, 2026

6Press releases filed as Exhibit 99.1 (early results) and 99.2 (pricing)

Current Report Details

Event Type

Other Event

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

. Other Events. Aptiv PLC (the “Company”) previously announced that Aptiv Swiss Holdings Limited, a Jersey incorporated private limited company (“ASH”) and a wh

Other Event

$1.35B$1.70B$1.35B$1.37B

Transaction Details

Debt / Financing

Instrument: Senior Notes Tender Offer

Exhibits (3)

8-K

FORM 8-K

99.1

EXHIBIT 99.1

99.2

EXHIBIT 99.2