DUBLIN – Aptiv PLC a global technology company enabling the future of mobility, today announced it priced $650 million notes in the aggregate across two tranches, $300 million principal amount of its 4.350% Senior Notes due 2029 (the “2029 Notes”) and $350 million principal amount of its 5.400% Senior Notes due 2049 (the “2049 Notes”).
The 2029 Notes will be issued at a price of 99.879% and the 2049 Notes will be issued at a price of 99.558% of their principal amounts, respectively. Proceeds from the Notes will be used to fund the redemption of Aptiv’s existing $650 million 3.15% Senior Notes due 2020 (the “2020 Notes”).
Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC 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) Barclays Capital Inc. at 1-888-603-5847, (2) Deutsche Bank Securities Inc. at 1-800-503-4611, (3) Goldman Sachs & Co. LLC at 1-866-471-2526 or (4) J.P. Morgan Securities LLC at 1-212-834-4533. The Notes are being offered pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on October 26, 2018.
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.
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility.
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 notes offering, the redemption of the 2020 Notes 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. 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 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. 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.