Aptiv Announces Pricing and Upsize of $1.6 Billion Private Offering of Senior Notes by Its Electrical Distribution Systems Spin-Off Subsidiaries, Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

2026-03-07 04:17:06

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Aptiv announced the pricing and upsize of a $1.6 billion private offering of senior notes by its electrical distribution systems spin-off subsidiaries, Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l. The offering includes $800 million of 6.125% senior notes due 2031 and $800 million of 6.375% senior notes due 2034, an increase of $100 million from the initial announcement. The proceeds, along with borrowings from new credit facilities, will fund a dividend to Aptiv, with Versigent retaining $400 million for general corporate purposes after the spin-off.

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