S&P gives Aptiv notes BBB

S&P said it gave a BBB issue-level rating to Aptiv plc’s and Aptiv Corp.'s planned senior unsecured notes.

The company is expected to sell notes in three tranches: $700 million due 2025, $800 million due 2032 and $1 billion due 2052.

Aptiv’s BBB ratings are unchanged by the offerings, S&P said.

Aptiv will use the proceeds, along with cash from its balance sheet, to fund its $4.3 billion acquisition of Wind River.

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