Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 33

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 33
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4.670%; the 5.150% Senior Notes were priced at 99.768% of par, resulting in a yield to maturity of 5.180%; and the 5.750% Senior Notes were priced at 99.476% of par, resulting in a yield to maturity of 5.787%. The proceeds from the 2024 Senior Notes, together with the proceeds from the 2024 Junior Notes, as described below, were utilized to repay a portion of the Bridge Credit Agreement and to redeem the 2.396% Senior Notes, as described above. Aptiv incurred approximately $16 million of issuance costs in connection with the 2024 Senior Notes. Interest on the 2024 Senior Notes is payable semi-annually on March 13 and September 13 (commencing March 13, 2025) of each year to holders of record at the close of business on February 26 or August 29, immediately preceding the interest payment date.

24

In September 2025, Aptiv partially redeemed for cash certain senior notes and recognized a net gain on debt extinguishment of approximately $3 million during the three and nine months ended September 30, 2025 within other income, net in the consolidated statements of operations. The following table summarizes the partial redemptions during the three months ended September 30, 2025: Aggregate Principal Amount RedeemedTotal Repurchase Amount (1) (dollars in millions)4.35%, senior notes, due 2029$18 $18 4.650%, senior notes, due 202943 45 3.25%, senior notes, due 203266 61 5.150%, senior notes, due 203421 21 Total redemptions$148 $145 (1)Includes accrued interest of approximately $1 million.During the period from October 1, 2025 to October 29, 2025, the Company redeemed for cash $31 million aggregate principal amount of certain senior notes pursuant to a trading plan with set trading instructions established by the Company.Although the specific terms of each indenture governing each series of senior notes vary, the indentures contain certain restrictive covenants, including with respect to Aptiv’s (and Aptiv’s subsidiaries’) ability to incur liens, enter into sale and leaseback transactions and merge with or into other entities. In February 2022, Aptiv LLC and AGF DAC were added as guarantors on each