GILLINGHAM, England,
Sept. 15, 2016 /PRNewswire/
-- Delphi Automotive PLC (NYSE: DLPH), a leading global
technology company serving the automotive sector, today announced
it priced $300 million aggregate
principal amount of its 4.400% Senior Notes due 2046 (the
"Notes").
The Notes will be issued at a price of 99.454% of their
principal amount. Proceeds from the Notes, together with the
proceeds from Delphi's previously announced offering of €500
million 1.600% Senior Notes due 2028, will be used to repay its
existing $800 million 5.00% Senior
Notes due 2023 (the "2023 Notes").
Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P.
Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated are joint book-running managers for the offering of
the Notes.
The offering of the Notes is made only by means of a prospectus.
Copies may be obtained by contacting (1) Citigroup Global Markets
Inc. at 1-800-831-9146, (2) Goldman, Sachs & Co. at
1-866-471-2526, (3) J.P. Morgan Securities LLC at 212-834-4533 or
(4) Merrill Lynch, Pierce, Fenner & Smith Incorporated at
1-800-294-1322. The Notes are being offered pursuant to an
effective shelf registration statement filed with the U.S.
Securities and Exchange Commission on October 30, 2015.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor will there be
any sale of the Notes in any jurisdiction in which such offer,
solicitation, or sale would be unlawful. Any offer, solicitation,
or sale of the Notes will be made only by means of the prospectus
supplement and the accompanying prospectus.
About Delphi
Delphi Automotive PLC is a
high-technology company that integrates safer, greener and more
connected solutions for the automotive sector. Headquartered in
Gillingham, U.K., Delphi operates technical centers, manufacturing
sites and customer support services in 44 countries.
Forward-Looking Statements
This press release, as well
as other statements made by Delphi Automotive PLC (the "Company"),
contain forward-looking statements that reflect, when made, the
Company's current views with respect to current events, the
proposed notes offering and the redemption of the 2023 Notes. Such
forward-looking statements are subject to many risks, uncertainties
and factors relating to the Company's operations and business
environment as well as market conditions, which may cause the
actual results of the Company to be materially different from any
future results, express or implied, by such forward-looking
statements. Factors that could cause actual results to differ
materially from these forward-looking statements are discussed
under the captions "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
Company's filings with the Securities and Exchange Commission. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
the Company. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events and/or otherwise, except
as may be required by law.
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SOURCE Delphi Automotive PLC