APTV · 10-Q · 2026Q3 · Full report

Debt Redemption and Liquidity

Aptiv PLC · 2026-11-03 · Importance 58 · Surprise 42 · In source text

Using the $1.9 billion cash distribution received from Versigent, Aptiv redeemed $1.446 billion principal amount of notes in April 2026 for approximately $1.377 billion, including accrued interest, and recorded a $55 million gain on extinguishment. Aptiv also redeemed the entire $401 million principal amount of its 4.650% Senior Notes for approximately $411 million and recorded an $11 million loss. Separately, Aptiv redeemed its $266 million 4.35% Senior Notes in February for approximately $276 million using cash on hand, recording a $5 million loss. Aptiv was in compliance with its debt covenants at September 30, 2026, and had no borrowings under its $2 billion revolving facility.

Key facts

• Aptiv received an approximately $1.9 billion cash distribution from Versigent in connection with the Separation and used the proceeds to redeem the 4.650% Senior Notes and settle the Tender Offer. source
• Aptiv redeemed $1.446 billion of notes for approximately $1.377 billion in cash on April 7, 2026, using Versigent cash-distribution proceeds, and recognized an approximately $55 million gain on debt extinguishment. source
• Aptiv’s interest expense declined in 2026 versus 2025, reflecting the February 2026 redemption of $266 million of 4.35% Senior Notes, April 2026 redemption of $401 million of 4.650% Senior Notes, and April redemption of $1,446 million of senior notes under the Tender Offer. source
• Aptiv’s revolving credit facility had $2 billion of commitments and matured on March 31, 2030. source
• Aptiv’s nine-month 2025 financing cash flows included $327 million of short-term debt repayments, $250 million for repayment of Term Loan A, $144 million for repayment of senior notes and $96 million to repurchase ordinary shares. source
• Aptiv redeemed all $401 million of its 4.650% Senior Notes in April 2026 for approximately $411 million and recognized an approximately $11 million debt-extinguishment loss. source
• Aptiv’s net cash used in financing activities from continuing operations was $1,039 million for the nine months ended September 30, 2026, compared with $843 million for the same period in 2025. source
• Aptiv’s credit agreement permits an uncommitted accordion increase of up to $1 billion, subject to Aptiv’s request, participating-lender agreement, and Administrative Agent approval. source

Impact estimates