Davis Polk Advises Aptiv PLC on Its Concurrent $2.2 Billion Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
6/12/2020

Davis Polk advised Aptiv PLC in connection with a $1.1 billion SEC-registered offering of 15,149,519 ordinary shares (which included 1,976,024 ordinary shares that the underwriters purchased pursuant to their option to purchase additional shares) and with a $1.1 billion SEC-registered offering of 11,500,000 mandatory convertible preferred shares (which included 1,500,000 mandatory convertible preferred shares that the underwriters purchased pursuant to their option to purchase additional shares to cover over-allotments).

Aptiv is using the net proceeds from the offerings for general corporate purposes.

Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility.

The Davis Polk corporate team included partner Michael Kaplan and associates Roshni Banker Cariello and Rahul K. Patel. The equity derivatives team included partner Mark J. DiFiore and associate Stockton Bullitt. Partners Po Sit and Michael Mollerus and associate Rebecca A. Rosen provided tax advice. Associate Sijia Cai provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.