COVID-19 pandemic: Aptiv to draw USD1.4 billion on revolving credit facility
The company has withdrawn its financial guidance
Aptiv has announced several measures to enhance its financial flexibility and liquidity amid uncertainty due to the COVID-19 pandemic, the company said in a press release on 23 March. The company has decided to draw down all the remaining amount, approximately USD1.4 billion, on its revolving credit facility. With the additional funds, Aptiv will have cash on hand of around USD1.7 billion and outstanding under the existing revolver facility of USD2 billion.