Davis Polk advised Delphi Automotive PLC in connection with the SEC-registered offering of $650 million aggregate principal amount of its 3.125% senior notes due 2025 and $650 million aggregate principal amount of its 4.250% senior notes due 2026. The notes are guaranteed by certain of Delphi Automotive PLC’s subsidiaries. Delphi intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in connection with its acquisition of HellermannTyton Group PLC and for general corporate purposes.
Based in Troy, Michigan, Delphi is a leading global vehicle components manufacturer and provider of electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. Delphi operates 129 manufacturing facilities and 15 major technical centers with a presence in 33 countries.
The Davis Polk capital markets team included partner Michael Kaplan and associates Roshni S. Banker, Alice Z. Chen and Martin Oberst. The tax team included partners Michael Mollerus and Jonathan Cooklin and associates Sam R. Van Peperstraete and Dominic Foulkes. The environmental team included counsel Betty Moy Huber and associate Amy E. Turner. Members of the Davis Polk team are based in the New York and London offices.