SOURCE: Delphi Corporation

Delphi Corporation

November 16, 2011 22:57 ET

Delphi Automotive Prices Initial Public Offering

TROY, MI--(Marketwire - Nov 16, 2011) - 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.

The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from:

Goldman, Sachs & Co.
Attention: Prospectus Department
200 West Street, New York, NY 10282
Tel: (866) 471-2526


J.P. Morgan Securities LLC
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.

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.

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