Aptiv $1.5 billion senior notes offering
Davis Polk advised Aptiv PLC in connection with an SEC-registered offering of $1.5 billion aggregate principal amount of its 3.100% senior notes due 2051. Aptiv is using a portion of the net proceeds from the offering to fund the redemption of its outstanding 4.150% senior notes due 2024 and its 4.250% senior notes due 2026.
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling a more sustainable future of mobility.
The Davis Polk capital markets team included partners Michael Kaplan and Roshni Banker Cariello and associates Jordyn Giannone and Courtney Y. Sohn. The tax team included partners Michael Mollerus and Po Sit. Associate Leon E. Salkin provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.