Aptiv PLC, a global technology company focused on automated and electrified solutions, has announced the early results of its cash tender offer through its wholly-owned subsidiary, Aptiv Swiss Holdings Limited. The company has increased the maximum aggregate consideration for the tender offer from $1.35 billion to $1.371 billion. This tender offer is aimed at purchasing outstanding senior notes due between 2032 and 2054, with the total principal amount of notes validly tendered as of the early tender deadline reported at significant levels. The tender offer is contingent upon the successful completion of the company's planned spin-off of its Electrical Distribution Systems business, which is expected to be named Versigent, and the receipt of a special dividend from Versigent of no less than $1.7 billion. The company has indicated that the tender offer remains subject to the terms outlined in the Offer to Purchase dated March 6, 2026. The pricing terms for the tender offer were also announced, with the total tender offer consideration for each series of notes determined based on a fixed spread over the yield of the applicable U.S. Treasury Security. The company expects to settle the tender offer by April 7, 2026, pending the fulfillment of the necessary conditions.

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