Aptiv draws remaining availability under $2 billion revolver

By Wendy Van Sickle

Columbus, Ohio, March 23 – Aptiv plc provided notice to the lenders of its credit agreement to draw down all remaining availability under its $2 billion revolving credit facility on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The drawdown was one measure to enhance the company’s financial flexibility in response to the uncertainty related to the impact the novel coronavirus pandemic is having on the global automotive industry and economies around the world, according to a news release.

The technology and mobility company is based in Dublin, Ireland.

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