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Aptiv Unit Prices Expanded $1.6 Billion Debt Sale for Future Spinoff

BY MT Newswires | CORPORATE | 03:54 AM EST

03:54 AM EST, 03/05/2026 (MT Newswires) -- Aptiv (APTV) said late Wednesday that a newly formed holding company for its electrical distribution systems unit priced an expanded $1.6 billion private debt offering.

The transaction features equal $800 million in senior notes maturing in 2031 and 2034, which represent a $100 million increase from the original target, the company said.

The company also said it secured an $850 million revolving credit line alongside a $500 million term loan.

The proceeds will finance a payout to the parent organization while leaving the standalone business with $400 million for general operations, and the transaction is expected to close around March 18, Aptiv (APTV) said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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