Aptiv PLC Files 8-K Detailing Senior Notes
Ticker: APTV · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1521332
| Field | Detail |
|---|---|
| Company | Aptiv PLC (APTV) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, senior-notes
TL;DR
Aptiv's out with its debt details - lots of senior notes maturing from 2028 to 2054.
AI Summary
On January 22, 2025, Aptiv PLC filed an 8-K, reporting on its financial condition and results of operations. The filing primarily details various senior notes issued by the company, including Eurodenominated Senior Notes with interest rates ranging from 1.600% due in 2028 to 4.250% due in 2036, and other senior notes with rates from 3.100% due in 2051 to 5.750% due in 2054. This filing indicates ongoing debt management and capital structure activities for Aptiv.
Why It Matters
This filing provides insight into Aptiv's debt structure and financing activities, which can impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.
Key Numbers
- 1.600% — Interest Rate (Eurodenominated Senior Notes due 2028)
- 5.750% — Interest Rate (Senior Notes due 2054)
- 2028 — Maturity Year (Earliest Senior Note maturity)
- 2054 — Maturity Year (Latest Senior Note maturity)
Key Players & Entities
- Aptiv PLC (company) — Filer
- Delphi Automotive PLC (company) — Former Company Name
- EurodenominatedSeniorNotes1.600Due2028 (dollar_amount) — Senior Note Series
- SeniorNotes4.35Due2029 (dollar_amount) — Senior Note Series
- SeniorNotes4.650Due2029 (dollar_amount) — Senior Note Series
- SeniorNotes3250Due2032 (dollar_amount) — Senior Note Series
- SeniorNotes5.150Due2034 (dollar_amount) — Senior Note Series
- EuroDenominatedSeniorNotes4.250Due2036 (dollar_amount) — Senior Note Series
- SeniorNotes4.400Due2046 (dollar_amount) — Senior Note Series
- SeniorNotes5.40Due2049 (dollar_amount) — Senior Note Series
FAQ
What is the total principal amount of the senior notes being disclosed?
The filing does not explicitly state the total principal amount of all senior notes being disclosed, but lists various series with their respective interest rates and maturity dates.
What is the purpose of issuing these various senior notes?
The filing does not explicitly state the purpose, but it is typical for companies to issue debt for general corporate purposes, refinancing, or capital expenditures.
Are there any covenants associated with these senior notes?
The filing mentions 'Member' for each note series, which typically implies that the notes are subject to certain covenants, but the specific details of these covenants are not provided in this summary.
What is the significance of Aptiv PLC formerly being known as Delphi Automotive PLC?
Aptiv PLC was formerly known as Delphi Automotive PLC, with a name change date of May 20, 2011, indicating a corporate rebranding or restructuring.
What is the filing date and period of report for this 8-K?
The filing date and the conformed period of report for this 8-K filing are both January 22, 2025.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 9.4 · Accepted 2025-01-22 06:10:22
Key Financial Figures
- $0.01 — e on which registered Ordinary Shares. $0.01 par value per share APTV New York Stock
Filing Documents
- aptv-20250122.htm (8-K) — 48KB
- aptv2024ex991cypriumrelease.htm (EX-99.1) — 67KB
- aptivlogoa21.jpg (GRAPHIC) — 10KB
- 0001521332-25-000003.txt ( ) — 382KB
- aptv-20250122.xsd (EX-101.SCH) — 5KB
- aptv-20250122_def.xml (EX-101.DEF) — 12KB
- aptv-20250122_lab.xml (EX-101.LAB) — 42KB
- aptv-20250122_pre.xml (EX-101.PRE) — 25KB
- aptv-20250122_htm.xml (XML) — 12KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. The information furnished under Item 7.01 is incorporated by reference in this Item 2.02.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 22, 2025, Aptiv PLC (the "Company") issued a press release announcing its intention to separate its Electrical Distribution Systems business into a new, independent publicly traded company. The Company also announced that it affirmed its previously issued guidance for the full year ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1. The information furnished pursuant to Items 2.02 and 7.01, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under the Section and shall not be deemed to be incorporated by reference into any filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release Dated January 22, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
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: January 22, 2025 APTIV PLC By: /s/ Katherine H. Ramundo Katherine H. Ramundo Executive Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary 4 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release Dated January 2 2 , 20 25 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 5