Aptiv’s $650 Million Senior Notes Offering


Davis Polk advised Aptiv PLC in connection with an SEC-registered offering of $300 million aggregate principal amount of its 4.350% senior notes due 2029 and $350 million aggregate principal amount of its 5.400% senior notes due 2049.

The notes are guaranteed by certain of Aptiv PLC’s subsidiaries.

Aptiv is using the net proceeds from the offering, together with available cash, to fund the redemption of its outstanding 3.150% senior notes due 2020.

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

The Davis Polk capital markets team included partner Michael Kaplan (Picture), counsel Jeffrey S. Ramsay and associate Angela Park. Partner Nick Benham, European counsel John Taylor and associate James Harmer provided U.K. corporate advice. The tax team included partner Michael Mollerus and associate Dao Fu. The environmental team included counsel Betty Moy Huber and associate Michael Comstock.

Involved fees earner: Nick Benham – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; Dao Fu – Davis Polk & Wardwell; James Harmer – Davis Polk & Wardwell; Betty Moy Huber – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Angela Park – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; John Taylor – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Aptiv PLC;

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Author: Ambrogio Visconti