Aptiv (APTV) Soon-to-Spinoff Subsidiary Prices $1.6B Debt Offering

NodeGuardian · 2026-03-13T18:01:19+00:00

Aptiv PLC's Versigent has launched a $1.6 billion private senior notes offering for its spinoff, increasing from the original plan. The offering includes 6.125% and 6.375% notes, with proceeds funding a dividend to Aptiv and retaining $400 million for corporate needs.

NodeGuardian

2026-03-13 18:01:19

Abstract generation in progress

Aptiv PLC’s Electrical Distribution Systems segment, Versigent, has priced a $1.6 billion private offering of senior notes for its upcoming spinoff. This debt offering, which increased by $100 million from the initial plan, includes 6.125% notes due 2031 and 6.375% notes due 2034, alongside credit facilities. The proceeds will fund a dividend to Aptiv PLC, with Versigent retaining $400 million for general corporate purposes post-spinoff.

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