Aptiv Reports Pricing Of €750M Of 4.250% Senior Notes Due 2036
Portfolio Pulse from Benzinga Newsdesk
Aptiv has announced the pricing of €750 million of 4.250% senior notes due 2036, which will be issued at 99.723% of the principal amount.
June 04, 2024 | 9:02 pm
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Aptiv has priced €750 million of 4.250% senior notes due 2036 at 99.723% of the principal amount. This move is likely to impact the company's credit profile and liquidity.
The issuance of senior notes will provide Aptiv with additional liquidity but will also increase its debt load. The pricing at 99.723% of the principal amount indicates a slight discount, which is typical for such issuances. The impact on the stock price is likely to be neutral in the short term as the market digests the implications for the company's credit profile and liquidity.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100