05:45 AM EDT, 09/10/2024 (MT Newswires) -- Aptiv ( APTV ) said late Monday it priced $550 million principal amount of 4.650% senior notes due 2029, $550 million principal amount of 5.150% senior notes due 2034, $550 million principal amount of 5.750% senior notes due 2054, and $500 million principal amount of 6.875% fixed-to-fixed reset rate junior subordinated notes due 2054.

The company and its indirect unit, Aptiv Global Financing Designated Activity, will issue the notes, Aptiv ( APTV ) added.

The firm intends to use the net proceeds to redeem its 2.396% senior notes due 2025 and, including cash on hand, to repay the loans outstanding under its Bridge Credit Agreement dated Aug. 1, the technology company said.

The offering is expected to close on Friday.