Aptiv intends to conduct offering of fixed-rate notes in two parts

By Devika Patel

Knoxville, Tenn., Feb. 28 – Aptiv plc will price fixed-rate notes in two tranches due 2029 and 2049, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until three months prior to maturity for the 2029 notes and until six months prior to maturity for the 2049 notes and then a par call.

Barclays, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used to repay the company’s $650 million of 3.15% senior notes due Nov. 19, 2020.

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

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