Aptiv Announces Final Results of $1.37 Billion Cash Tender Offer for Senior Notes
Aptiv PLC reported the final results of its cash tender offer, accepting $1.37 billion in aggregate principal amount of senior notes.
- $1.371 billion
- $1.446 billion
What Happened
Aptiv PLC announced the expiration and final results of its cash tender offer to purchase outstanding senior notes with a maximum aggregate consideration of $1,371,000,000. The offer expired on April 3, 2026, and the company will accept notes across seven series, with proration applied to one series. Settlement is expected on April 7, 2026.
Aptiv launched the cash tender offer for its senior notes.
Tender offer expired at 5:00 p.m. New York City time.
Settlement date for accepted notes.
$1,371,000,000USD
Exclusive of accrued interest, the total consideration for purchasing notes.
Why this matters
The tender offer allows Aptiv to manage its debt obligations and financial structure.
Terms in This Story
- Tender Offer
- A public offer to buy a specified number of a company's outstanding securities at a fixed price, usually above market.
- Senior Notes
- Bonds that have priority over other debts in case of bankruptcy.
- Proration Factor
- A percentage used to reduce the amount of notes accepted when total tendered exceeds the maximum.
- Series Cap
- A maximum amount of consideration allocated to a specific series of notes in a tender offer.
Summarised from the linked release; details can be imperfect — always verify against the original source.