Aptiv PLC’s $3.1 Billion of Credit Facilities

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $3.1 billion of credit facilities made available to Aptiv PLC and certain of its subsidiaries. Aptiv PLC is a leading global technology and mobility architecture company primarily serving the automotive sector. The facilities consisted of a $2.5 billion bridge credit facility, used to partially finance the accelerated share repurchase of up to $3.0 billion of Aptiv PLC's ordinary shares, and a $600 million term loan facility. The transactions closed on August 1, 2024, and August 19, 2024.

The Cravath team included partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associates Diane K. Mokoro, Nastassia Shcherbatsevich Li and Hannah Gehringer on banking matters; partners Andrew J. Pitts and C. Daniel Haaren and associates Sarah R. Brathwaite and Courtney T. Seager on capital markets matters; and partner Andrew T. Davis and associates Josh Banafsheha and Megan Samayoa on tax matters.