APTV · 10-Q · 2026Q2 · Full report

Debt Redemption and Liquidity

Aptiv PLC · 2026-08-04 · Importance 64 · Surprise 42 · In source text

As of June 30, 2026, Aptiv held $761 million of cash and cash equivalents and reported net debt of $4.6 billion. Total available liquidity was $3.271 billion, including $1.998 billion of unused revolving-credit capacity, and the $2 billion Revolving Credit Facility had no borrowings outstanding. Aptiv redeemed $1.446 billion of senior notes for approximately $1.377 billion in April 2026, recognized a $55 million debt-extinguishment gain, and separately redeemed $401 million of 4.650% Senior Notes for approximately $411 million. Six-month operating cash flow from continuing operations fell to $82 million from $531 million, while capital expenditures were $278 million and financing cash outflows included $2.054 billion of senior-note repayments.

Key facts

• Net cash used in financing activities from continuing operations totaled $775 million for the six months ended June 30, 2026 and $596 million for the six months ended June 30, 2025; 2026 financing included $2,054 million for repayment of senior notes, $322 million to repurchase ordinary shares and $282 million of cash transferred to Versigent, partially offset by a $1,920 million cash dividend received from Versigent. source
• Net cash used in investing activities from continuing operations totaled $346 million for the six months ended June 30, 2026 and $133 million for the six months ended June 30, 2025; cash used in investing for six months 2026 primarily consisted of capital expenditures of $278 million and the acquisition of the redeemable noncontrolling interest in Intercable Automotive of $67 million. source
• As of June 30, 2026, total available liquidity was $3,271 million, including an unutilized portion of the Revolving Credit Facility of $1,998 million. source
• The March 2025 amendment refinanced and replaced the revolver with a new five-year revolving credit facility with aggregate commitments of $2 billion and removed provisions for sustainability-linked rate adjustments. source
• On March 18, 2026, Cyprium U.S. and Cyprium Luxembourg issued $1.6 billion aggregate principal amount of Spin-Off Senior Notes consisting of $800 million 6.125% senior notes due 2031 and $800 million 6.375% senior notes due 2034 priced at 100% of par. source
• On March 6, 2026, Aptiv Swiss Holdings commenced a cash tender offer to purchase certain notes for aggregate consideration of up to $1,371 million and on April 7, 2026 the Company redeemed $1,446 million aggregate principal amount of the Notes for cash consideration of approximately $1,377 million, recognizing a gain on debt extinguishment of approximately $55 million during the three months ended June 30, 2026. source
• Aptiv maintains a senior unsecured revolving credit facility of $2 billion (the Revolving Credit Facility) which matures on March 31, 2030. source
• Net cash provided by operating activities from continuing operations totaled $82 million for the six months ended June 30, 2026 and $531 million for the six months ended June 30, 2025. source

Impact estimates