Exhibit 5.1
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 | | Davis Polk & WardwellLLP 450 Lexington Avenue New York, NY 10017 davispolk.com |
February 18, 2022
Aptiv PLC
5 Hanover Quay
Grand Canal Dock, Dublin 2
Ireland
Ladies and Gentlemen:
Aptiv PLC, a Jersey public limited company (the “Company”), and Aptiv Corporation, a Delaware corporation (“Aptiv Corp” and, together with the Company, the “Issuers”) have filed with the Securities and Exchange Commission a Registration Statement on Form S-3 (File No. 333-258499) and Amendment No. 1 thereto (together, the “Registration Statement”) for the purpose of registering under the Securities Act of 1933, as amended (the “Securities Act”), certain securities, including $700,000,000 aggregate principal amount of the Issuers’ 2.396% Senior Notes due 2025 (the “2025 Notes”), $800,000,000 aggregate principal amount of 3.250% Senior Notes due 2032 (the “2032 Notes”) and $1,000,000,000 aggregate principal amount of 4.150% Senior Notes due 2052 (the “2052 Notes” and, together with the 2025 Notes and the 2032 Notes, the “Notes”). The Notes are to be issued pursuant to the provisions of a base indenture dated as of March 10, 2015 (as previously amended, supplemented or otherwise modified from time to time, the “Base Indenture”) among the Company, the guarantors thereunder, Wilmington Trust, National Association (the “Trustee”) and Deutsche Bank Trust Company Americas as registrar, paying agent and authenticating agent (the “Agent”), as supplemented by the ninth supplemental indenture dated as of February 18, 2022 among the Issuers, the Guarantor (as defined below), the Trustee and the Agent (the “Ninth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) and sold pursuant to the Underwriting Agreement dated February 9, 2022 (the “Underwriting Agreement”) among the Issuers, the Guarantor and the several underwriters named therein (the “Underwriters”). The Notes will be guaranteed by Aptiv Global Financing Limited, a company incorporated under the laws of Ireland, as guarantor (the “Guarantor”) pursuant to the terms of the Indenture (the “Guarantees” and, together with the Notes, the “Securities”).
We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.
In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Issuers and the Guarantor that we reviewed were and are accurate and (vi) all representations made by the Issuers and the Guarantor as to matters of fact in the documents that we reviewed were and are accurate.
Based upon the foregoing, and subject to the additional assumptions and qualifications set forth below, we advise you that, in our opinion, when the Notes have been duly executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Underwriters pursuant to the Underwriting Agreement, the Notes will constitute valid and binding obligations of the Issuers, and assuming due authorization, execution and delivery of the Indenture by the Guarantor,