Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 258

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 258
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 portion of the unamortized fees from the Bridge Credit Agreement in the amount of $4 million was transferred to the Term Loan A and, together with the $2 million of direct issuance costs referenced above, were amortized to interest expense over the term of the Term Loan A. 

During the fourth quarter of 2024, the Company repaid $350 million of the outstanding principal balance on the Term Loan A, utilizing cash on hand. During the first quarter of 2025, the Company fully repaid the remaining outstanding principal balance of $250 million on the Term Loan A utilizing cash on hand, and recognized a loss on debt extinguishment of approximately $2 million during the six months ended June 30, 2025 within other income, net in the consolidated statements of operations.

The Term Loan A had a maturity date of August 19, 2027. Prior to its repayment, borrowings under the Term Loan A Credit Agreement were prepayable at Aptiv’s option without premium or penalty. No principal payment was required until the maturity date.

Loans under the Term Loan A Credit Agreement bore interest, at Aptiv’s option, at either (a) ABR or (b) SOFR plus in either case a percentage per annum as set forth in the table below (the “Term Loan Applicable Rate”). The rates under the Term Loan A Credit Agreement on the specified dates are set forth below:

June 30, 2025December 31, 2024SOFR plusABR plusSOFR plusABR plusTerm Loan AN/AN/A1.250 %0.250 %

71

Senior and Junior Unsecured Notes

As of June 30, 2025, the Company had the following senior and junior unsecured notes issued and outstanding:Aggregate Principal Amount(in millions)Stated Coupon RateIssuance DateMaturity DateInterest Payment Date$585 1.60%September 2016September 2028September 15$300 4.35%March 2019March 2029March 15 and September 15$550 4.65%September 2024September 2029March 13 and September 13$800 3.25%February 2022March 2032March 1 and September 1$550 5.15%September 2024September 2034March 13 and September 13$877 4.25%June 2024June 2036June 11$