Latham Advises on Aptiv’s Senior Notes Offering

Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, has announced it priced €750,000,000 principal amount of 4.250% Senior Notes due 2036. The Notes will be co-issued by the Company and Aptiv Global Financing Limited, an indirect subsidiary of the Company and will be guaranteed by Aptiv Corporation, an indirect subsidiary of the Company. The Notes will be issued at a price of 99.723% of the principal amount. The net proceeds from the Notes will be used to repay the Company’s 1.500% euro-denominated senior notes due 2025 in full prior to their maturity, with any remaining net proceeds to be used for general corporate purposes. The offering of the Notes is expected to close on June 11, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a team led by New York partners Corey Wright and Erika Weinberg, with associates Sofia Sitterson, and Ashley Lee. Advice was also provided on US tax matters by New York partner Jiyeon Lee-Lim, with associate Nicholas Sun; on UK corporate matters by London partner Shawn Anderson, with associate Fei Chen; and on UK tax matters by London partner Karl Mah, with associate Ines Kilkelly.