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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

September 9, 2024

 

 

Aptiv PLC

(Exact name of registrant as specified in its charter)

 

 

 

Jersey   001-35346   98-1029562
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

5 Hanover Quay

Grand Canal Dock

Dublin, D02 VY79, Ireland

(Address of Principal Executive Offices, Including Zip Code)

(Registrant’s Telephone Number, Including Area Code) 353-1-259-7013

(Former Name or Former Address, if Changed Since Last Report) N/A

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
symbol(s)

 

Name of each exchange
on which registered

Ordinary Shares, $0.01 par value per share   APTV   New York Stock Exchange
2.396% Senior Notes due 2025   APTV   New York Stock Exchange
1.500% Senior Notes due 2025   APTV   New York Stock Exchange
1.600% Senior Notes due 2028   APTV   New York Stock Exchange
4.350% Senior Notes due 2029   APTV   New York Stock Exchange
3.250% Senior Notes due 2032   APTV   New York Stock Exchange
4.250% Senior Notes due 2036   APTV   New York Stock Exchange
4.400% Senior Notes due 2046   APTV   New York Stock Exchange
5.400% Senior Notes due 2049   APTV   New York Stock Exchange
3.100% Senior Notes due 2051   APTV   New York Stock Exchange
4.150% Senior Notes due 2052   APTV   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 8.01

Other Events.

On September 9, 2024, Aptiv PLC (the “Company” or “Aptiv”), announced that it intends to redeem for cash the entire $700 million aggregate principal amount outstanding of its 2.396% Senior Notes due 2025 (the “Notes”). The Notes are redeemable at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus any interest accrued and unpaid thereon to the redemption date. The redemption is expected to occur on September 19, 2024, subject to satisfaction or waiver by the Company of the condition described below.

The redemption of the Notes is conditioned upon the completion, prior to the redemption date, of one or more debt financings that would generate gross proceeds sufficient to fund the redemption. Any such financings are subject to market and other conditions.

Cautionary Note Regarding Forward-Looking Statements.

This Current Report on Form 8-K contains certain forward-looking statements. Such forward-looking statements are subject to many risks, uncertainties and factors, which may cause the actual results to be materially different from any future results. All statements that address future operating, financial or business performance or the Company’s strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: global and regional economic conditions, including conditions affecting the credit market; global inflationary pressures; uncertainties created by the conflict between Ukraine and Russia, and its impacts to the European and global economies and our operations in each country; uncertainties created by the conflicts in the Middle East and their impacts on global economies; fluctuations in interest rates and foreign currency exchange rates; the cyclical nature of global automotive sales and production; the potential disruptions in the supply of and changes in the competitive environment for raw material and other components integral to the Company’s products, including the ongoing semiconductor supply shortage; the Company’s ability to maintain contracts that are critical to its operations; potential changes to beneficial free trade laws and regulations, such as the United States-Mexico-Canada Agreement; changes to tax laws; future significant public health crises; the ability of the Company to integrate and realize the expected benefits of recent transactions; the ability of the Company to attract, motivate and/or retain key executives; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers; and the ability of the Company to attract and retain customers. Additional factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 9, 2024   APTIV PLC
    By:  

/s/ Katherine H. Ramundo

      Katherine H. Ramundo
      Executive Vice President, Chief Legal Officer,
Chief Compliance Officer and Secretary
v3.24.2.u1
Document and Entity Information
Sep. 09, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Sep. 09, 2024
Entity Registrant Name Aptiv PLC
Entity Incorporation State Country Code Y9
Entity File Number 001-35346
Entity Tax Identification Number 98-1029562
Entity Address Address Line 1 5 Hanover Quay
Entity Address Address Line 2 Grand Canal Dock
Entity Address City Or Town Dublin
Entity Address Postal Zip Code D02 VY79
Entity Address Country IE
Country Region 353
City Area Code -1
Local Phone Number 259-7013
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001521332
Amendment Flag false
Ordinary Shares, $0.01 par value per share [Member]  
Document Information [Line Items]  
Security 12b Title Ordinary Shares, $0.01 par value per share
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 2.396% Due 2025 [Member]  
Document Information [Line Items]  
Security 12b Title 2.396% Senior Notes due 2025
Trading Symbol APTV
Security Exchange Name NYSE
Euro-Denominated Senior Notes, 1.500% Due 2025 [Member]  
Document Information [Line Items]  
Security 12b Title 1.500% Senior Notes due 2025
Trading Symbol APTV
Security Exchange Name NYSE
Euro-denominated Senior Notes, 1.600% Due 2028 [Member]  
Document Information [Line Items]  
Security 12b Title 1.600% Senior Notes due 2028
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.35% Due 2029 [Member]  
Document Information [Line Items]  
Security 12b Title 4.350% Senior Notes due 2029
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 3.250% Due 2032 [Member]  
Document Information [Line Items]  
Security 12b Title 3.250% Senior Notes due 2032
Trading Symbol APTV
Security Exchange Name NYSE
Euro-Denominated Senior Notes, 4.250% Due 2036 [Member]  
Document Information [Line Items]  
Security 12b Title 4.250% Senior Notes due 2036
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.400% Due 2046 [Member]  
Document Information [Line Items]  
Security 12b Title 4.400% Senior Notes due 2046
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 5.40% Due 2049 [Member]  
Document Information [Line Items]  
Security 12b Title 5.400% Senior Notes due 2049
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 3.100% Due 2051 [Member]  
Document Information [Line Items]  
Security 12b Title 3.100% Senior Notes due 2051
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.150% Due 2052 [Member]  
Document Information [Line Items]  
Security 12b Title 4.150% Senior Notes due 2052
Trading Symbol APTV
Security Exchange Name NYSE

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