Aptiv $2.5 billion senior notes offering
Davis Polk advised Aptiv PLC in connection with an SEC-registered offering of $700 million aggregate principal amount of 2.396% senior notes due 2025, $800 million aggregate principal amount of 3.250% senior notes due 2032 and $1.0 billion aggregate principal amount of 4.150% senior notes due 2052. The notes were co-issued by Aptiv Corporation, a subsidiary of Aptiv PLC, and are guaranteed by Aptiv Global Financing Limited, a subsidiary of Aptiv PLC.
Aptiv is using the net proceeds from the offering to fund a portion of the cash consideration payable in connection with its recent acquisition of Wind River Systems, Inc., if consummated.
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 partner Michael Mollerus and associate William Liang. Counsel Sarah E. Kim and associate Leon E. Salkin provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.