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Aptiv10-Q: Spinoff

Aptiv completes spinoff of Versigent business, using proceeds to pay down over $2B in debt.

What happened

Aptiv completed the spinoff of its Electrical Distribution Systems business into a new public company, Versigent. The transaction involved a $1.92B cash dividend to Aptiv, which was then used to redeem over $2.1B in senior notes in early 2026.

Source

SEC EDGARAug 4, 2026

Quarterly report (Form 10-Q)

Aptiv 10-Q

Filing excerpt

Cash flows used in financing activities from continuing operations for the six months ended June 30, 2026 primarily included $2,054 million for the repayment of senior notes, $322 million paid to repurchase ordinary shares and $282 million of cash transferred to Versigent related to the spin-off, partially offset by the $1,920 million cash dividend received from Versigent.

sec.gov/Archives/edgar/data/1521332/000152133226000061/aptv-20260630.htmRead the full source

Other signals in this filing (5)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Spinoff

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Aug 4, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$2.1B (Approximate total debt redeemed using proceeds from the Versigent spinoff and cash on hand.)

Details

CIK
1521332
Accession number
0001521332-26-000061
Timeframe
Current year
Filing year
2026
Fiscal year
0
Why it matters
New entity needs vendors
Signal category
Strategic

Topics and mentions

Vendors

  • Jpmorgan Chase Bank NA

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
spinoff

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/f3508ad9-7c96-4c51-b56e-6e11b8860f09 returns this record as JSON. POST /v1/companies/enrich returns every signal for aptiv.com.

{
  "signal_id": "f3508ad9-7c96-4c51-b56e-6e11b8860f09",
  "signal_type": "sec-10q",
  "signal_subtype": "spinoff",
  "detected_at": "2026-08-11T08:10:23.816+00:00",
  "company": {
    "name": "Aptiv",
    "domain": "aptiv.com"
  },
  "data": {
    "detail": "Aptiv completed the spinoff of its Electrical Distribution Systems business into a new public company, Versigent. The transaction involved a $1.92B cash dividend to Aptiv, which was then used to redeem over $2.1B in senior notes in early 2026. This massive balance sheet transformation creates two distinct companies, each likely re-evaluating their operational systems, financial software, and vendor contracts.",
    "metrics": {
      "timeframe": "current_year",
      "dollar_context": "Approximate total debt redeemed using proceeds from the Versigent spinoff and cash on hand.",
      "dollar_millions": 2100
    },
    "summary": "Aptiv completes spinoff of Versigent business, using proceeds to pay down over $2B in debt.",
    "excerpts": "Cash flows used in financing activities from continuing operations for the six months ended June 30, 2026 primarily included $2,054 million for the repayment of senior notes, $322 million paid to repurchase ordinary shares and $282 million of cash transferred to Versigent related to the spin-off, partially offset by the $1,920 million cash dividend received from Versigent.",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1521332/000152133226000061/aptv-20260630.htm",
    "filing_date": "2026-08-04",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "New entity needs vendors",
    "signal_category": "strategic",
    "vendors_mentioned": [
      "Jpmorgan Chase Bank NA"
    ]
  }
}

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