Aptiv PLC Enters into a Sixth Supplemental Indenture to the Senior Notes
November 23, 2021 at 08:49 am EST
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Aptiv PLC announced that pursuant to the previously announced offering of $1,500,000,000 aggregate principal amount of 3.100% Senior Notes due 2051 (the ?Notes?) to be issued by Aptiv PLC (the ?Issuer?), the Issuer, Wilmington Trust, National Association, as trustee, and Deutsche Bank Trust Company Americas, as registrar, paying agent and authenticating agent, entered into a sixth supplemental indenture, dated as of November 23, 2021 (the ?Supplemental Indenture?) to the Senior Notes Indenture dated as of March 10, 2015 (as previously amended, supplemented or otherwise modified from time to time, the ?Base Indenture? and together with the Supplemental Indenture, the ?Indenture?), providing for the issuance of the Notes. The Notes will bear interest at a fixed rate of 3.100% per annum, and interest will be payable on June 1 and December of each year, beginning June 1, 2022 until the maturity date of December 1, 2051. The Issuer may redeem the Notes at such times and at the redemption prices as provided for in the Indenture. The Indenture also contains certain covenants as set in the Indenture and requires the Issuer to offer to repurchase the Notes upon certain change of control events.
Aptiv PLC specializes in the design, manufacturing and marketing of automotive equipment. Net sales break down by family of products as follows:
- electrical and electronic architecture products (73.8%): connectors, wiring assemblies, harnesses, electrical centers, hybrid high voltage and safety distribution systems;
- electronic and safety systems (26.2%): body controls, reception systems, infotainment and connectivity systems, hybrid vehicle power electronics, passive and active safety electronics, displays and mechatronics.
At the end of 2022, the group has 131 manufacturing plants and 11 technical centers worldwide.
Net sales are distributed geographically as follows: the United States (36%), North America (0.9%), Europe/Middle East/Africa (30.7%), Asia/Pacific (30.2%) and South America (2.2%).