TROY, Mich. -- Delphi announced today the pricing of its initial public offering of 24,078,827 shares at $22.00 per share. All of the shares will be sold by Delphi's existing equity owners, whose membership interests in Delphi Automotive LLP will be exchanged for shares of Delphi Automotive PLC immediately prior to the completion of the offering. Total proceeds to the selling shareholders in the offering will be approximately $530 million (excluding the underwriters' option to purchase additional shares).
The shares will begin trading on The New York Stock Exchange on November 17, 2011 under the ticker symbol "DLPH." The underwriters have a 30-day option to purchase from certain of the selling shareholders up to an additional 3,611,824 shares.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Morgan Stanley & Co. LLC are acting as joint bookrunners for the offering.
Attention: Prospectus Department
200 West Street, New York, NY 10282
Tel: (866) 471-2526
Email: prospectus-ny@ny.email.gs.com
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Tel: (866) 803-9204
A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission ("SEC"). This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such ordinary shares in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Delphi
Delphi is a leading global vehicle components manufacturer
and provides electrical and electronic, powertrain, safety
and thermal technology solutions to the global automotive
and commercial vehicle markets. Delphi is one of the
largest vehicle component manufacturers, and its customers
include the largest automotive original equipment
manufacturers in the world.
FORWARD-LOOKING STATEMENTS
This news release, as well as other statements made by
Delphi Automotive PLC ("Delphi" or the
"Company"), contain forward-looking statements
that reflect, when made, the Company's current views
with respect to current events and financial performance.
Such forward-looking statements are subject to many risks,
uncertainties and factors relating to the Company's
operations and business environment, which may cause the
actual results of the Company to be materially different
from any future results, express or implied, by such
forward-looking statements. All statements that address
future operating, financial or business performance or the
Company's strategies or expectations are
forward-looking statements. In some cases, you can identify
these statements by forward-looking words such as
"may," "might," "will,"
"should," "expects," "plans,"
"anticipates," "believes,"
"estimates," "predicts,"
"projects," "potential,"
"outlook" or "continue," and other
comparable terminology. Factors that could cause actual
results to differ materially from these forward-looking
statements include, but are not limited to, the following:
global economic conditions, including conditions affecting
the credit market, the cyclical nature of automotive sales
and production; the potential disruptions in the supply of
and changes in the competitive environment for raw material
integral to our products; the Company's ability to
maintain contracts that are critical to its operations; the
ability of the Company to attract, motivate and/or retain
key executives; the ability of the Company to avoid or
continue to operate during a strike, or partial work
stoppage or slow down by any of its unionized employees or
those of its principal customers, and the ability of the
Company to attract and retain customers. Additional factors
are discussed under the captions "Risk Factors"
and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in the
Company's filings with the Securities and Exchange
Commission. New risks and uncertainties arise from time to
time, and it is impossible for us to predict these events
or how they may affect the Company. It should be remembered
that the price of the ordinary shares and any income from
them can go down as well as up. Delphi disclaims any
intention or obligation to update or revise any
forward-looking statements, whether as a result of new
information, future events and/or otherwise, except as may
be required by law.
Eric Creech
1.248.813.2498
Delphi (Media)
Lindsey Williams
1.248.813.2528