Aptiv PLC Files 8-K on Subordinated Notes
Ticker: APTV · Form: 8-K · Filed: Mar 31, 2025 · CIK: 1521332
Sentiment: neutral
Topics: debt, financing, notes
Related Tickers: APTV
TL;DR
Aptiv dropped an 8-K detailing its 6.875% junior subordinated notes due 2054 and other existing debt.
AI Summary
On March 31, 2025, Aptiv PLC entered into a material definitive agreement related to its 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054. This filing also details various other existing senior notes with different interest rates and maturity dates, including Euro-denominated notes due in 2028 and 2036, and USD notes due in 2029, 2032, 2034, 2046, 2049, and 2051.
Why It Matters
This filing provides transparency into Aptiv's debt structure and financial obligations, particularly concerning its junior subordinated notes and existing senior notes.
Risk Assessment
Risk Level: medium — The filing concerns material definitive agreements and financial obligations, indicating potential financial risk or strategic shifts for the company.
Key Numbers
- 6.875% — Interest Rate (Junior Subordinated Notes due 2054)
- 2054 — Maturity Year (Junior Subordinated Notes)
- 2028 — Maturity Year (EurodenominatedSeniorNotes1.600Due2028)
- 2029 — Maturity Year (SeniorNotes4.35Due2029 and SeniorNotes4.650Due2029)
- 2032 — Maturity Year (SeniorNotes3250Due2032)
- 2034 — Maturity Year (SeniorNotes5.150Due2034)
- 2036 — Maturity Year (EuroDenominatedSeniorNotes4.250Due2036)
- 2046 — Maturity Year (SeniorNotes4.400Due2046)
Key Players & Entities
- Aptiv PLC (company) — Filer
- 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 (dollar_amount) — Material Definitive Agreement
- Delphi Automotive PLC (company) — Former Company Name
FAQ
What is the specific nature of the material definitive agreement filed on March 31, 2025?
The filing indicates a material definitive agreement related to Aptiv PLC's 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.
What is the interest rate on the junior subordinated notes due in 2054?
The interest rate on the 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 is 6.875%.
What other types of debt does Aptiv PLC have listed in this filing?
Aptiv PLC also lists several senior notes, including Euro-denominated notes due in 2028 and 2036, and USD notes due in 2029, 2032, 2034, 2046, 2049, and 2051.
When did Aptiv PLC change its name from Delphi Automotive PLC?
Aptiv PLC changed its name from Delphi Automotive PLC on May 20, 2011.
What is the SIC code for Aptiv PLC?
The Standard Industrial Classification (SIC) code for Aptiv PLC is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 31, 2025 regarding Aptiv PLC (APTV).