Aptiv (NYSE: APTV) upsizes $1.37B bond tender tied to Versigent spin-off

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Aptiv PLC has increased its cash tender offer to repurchase outstanding senior notes to $1.371 billion, up from $1.35 billion, following strong early participation. This tender offer is contingent on the successful spin-off of its Electrical Distribution Systems business into Versigent and Aptiv receiving a special dividend of at least $1.7 billion from Versigent. The offer covers multiple series of notes maturing between 2032 and 2054, with the final settlement expected on April 7, 2026.

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