Aptiv PLC has upsized its cash tender offer for several senior notes, increasing the maximum aggregate consideration from $1.35 billion to $1.371 billion. The offer is contingent upon the successful spin-off of the company's Electrical Distribution Systems business and the receipt of a special dividend of at least $1.7 billion from the new entity, Versigent. This transaction is a key component of Aptiv's capital management and debt restructuring strategy surrounding its upcoming corporate separation.
