Aptiv conditionally calls $1.35 billion of notes from two series

By William Gullotti

Buffalo, N.Y., Nov. 9 – Aptiv plc plans to redeem the entire $650 million aggregate principal amount outstanding of its 4.25% senior notes due 2026 and the entire $700 million aggregate principal amount of subsidiary Aptiv Corp.’s 4.15% senior notes due 2024, according to an 8-K filing with the Securities and Exchange Commission.

Both series will be redeemed at a price that includes a make-whole premium plus accrued and unpaid interest to the Nov. 24 redemption date.

The redemptions are conditioned upon the completion of the company’s intended issuance of fixed-rate notes due 2051.

The technology and mobility company is based in Dublin, Ireland.

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