2024

[Table of Contents](#i5ec3aabfaa534f9c8fa2d2a5b7677d19_7)  
11. DEBTThe following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of December 31, 2021 and 2020:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2021 |  | 2020 |
|   | (in millions) |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| 4.15%, senior notes, due 2024 (net of $0 and $1 unamortized issuance costs and $0 and $1 discount, respectively) | $ | —  |  |  | $ | 698  |  |
| 1.50%, Euro-denominated senior notes, due 2025 (net of $2 and $2 unamortized issuance costs and $1 and $2 discount, respectively) | 790  |  |  | 857  |  |
| 4.25%, senior notes, due 2026 (net of $0 and $2 unamortized issuance costs, respectively) | —  |  |  | 648  |  |
| 1.60%, Euro-denominated senior notes, due 2028 (net of $3 and $3 unamortized issuance costs, respectively) | 563  |  |  | 612  |  |
| 4.35%, senior notes, due 2029 (net of $2 and $3 unamortized issuance costs, respectively) | 298  |  |  | 297  |  |
| 4.40%, senior notes, due 2046 (net of $3 and $3 unamortized issuance costs and $1 and $1 discount, respectively) | 296  |  |  | 296  |  |
| 5.40%, senior notes, due 2049 (net of $4 and $4 unamortized issuance costs and $1 and $1 discount, respectively) | 345  |  |  | 345  |  |
| 3.10%, senior notes, due 2051 (net of $17 and $0 unamortized issuance costs and $33 and $0 discount, respectively) | 1,450  |  |  | —  |  |
| Tranche A Term Loan, due 2026 (net of $2 and $1 unamortized issuance costs, respectively) | 311  |  |  | 320  |  |
| Finance leases and other | 14  |  |  | 28  |  |
| Total debt | 4,067  |  |  | 4,101  |  |
| Less: current portion | (8) |  |  | (90) |  |
| Long-term debt | $ | 4,059  |  |  | $ | 4,011  |  |

The principal maturities of debt, at nominal value, are as follows:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  | Debt and Finance Lease Obligations |
|   | (in millions) |
| 2022 | $ | 8  |  |
| 2023 | 15  |  |
| 2024 | 27  |  |
| 2025 | 810  |  |
| 2026 | 260  |  |
| Thereafter | 3,016  |  |
| Total | $ | 4,136  |  |

Credit AgreementAptiv PLC and its wholly-owned subsidiary, Aptiv Corporation, entered into a credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), under which it maintains senior unsecured credit facilities currently consisting of a term loan (the “Tranche A Term Loan”) and a revolving credit facility of $2 billion (the “Revolving Credit Facility”). During 2020, Aptiv Global Financing Limited (“AGFL”), a wholly-owned subsidiary of Aptiv PLC, executed a joinder agreement to the Credit Agreement, which allows it to act as a borrower under the Credit Agreement, and a guaranty supplement, under which AGFL guarantees the obligations under the Credit Agreement, subject to certain exceptions.The Credit Agreement was entered into in March 2011 and has been subsequently amended and restated on several occasions, most recently on June 24, 2021. The June 2021 amendment, among other things, (1) refinanced and replaced the existing term loan A and revolver with a new term loan A that matures in five years, and a new five-year revolving credit facility with aggregate commitments of $2 billion, (2) utilized the Company’s existing sustainability-linked metrics and commitments, that, if achieved, would change the facility fee and interest rate margins as described below, (3) removed prior 84
