Company: APTV
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001193125-25-068735
Chunk: 0

Company: Aptiv PLC
Filing Date: 2025-03-31
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On March 31, 2025 Aptiv PLC (the “ Company”) and certain of its subsidiaries entered into an Amended and Restated Credit Agreement (the “ Credit Agreement”), with JPMorgan Chase Bank, N. A. as Administrative Agent, and the lenders as parties thereto, in an aggregate principal amount of up to $2,000 million, consisting of a U. S. Dollar tranche, and a global revolving tranche in global currencies.

The Credit Agreement, among other things, amends and restates the existing Third Amended and Restated Credit Agreement, dated as of August 17, 2016, as amended and restated as of June 24, 2021, and as further amended as of April 19, 2023.

The Credit Agreement contains customary representations and warranties and usual and customary affirmative and negative covenants. The Credit Agreement also contains certain customary events of default. After the effectiveness date, if an event of default under the Credit Agreement occurs and is continuing, the principal amount outstanding, and all accrued unpaid interest and other amounts owed, may be declared immediately due and payable.

The Company has no material relationships with any of the lenders under the Credit Agreement, except that affiliates of certain lenders (i) have acted as underwriters in connection with offerings by the Company and (ii) facilitated the Company’s accelerated share repurchase program.

The description of the Credit Agreement contained herein is qualified in its entirety by reference to the Amended and Restated Credit Agreement, a copy of which is included as Exhibit 10.1 to this Current Report on Form8-Kand is incorporated herein by reference.