Aptiv (NYSE: APTV) retires over $1.37B of long-dated notes via tender

robot
Abstract generation in progress

Aptiv PLC has successfully completed a cash tender offer, repurchasing over $1.37 billion of its outstanding senior notes through its subsidiary, Aptiv Swiss Holdings Limited. This tender offer was contingent upon the completion of the spin-off of its Electrical Distribution Systems business into Versigent and receiving a special dividend of at least $1.7 billion from Versigent, both of which have been met. The accepted notes, concentrated in 2032-2054 maturities, aim to reduce future interest expenses and refine Aptiv’s maturity profile.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin