Aptiv (APTV) said Friday that its subsidiary, Aptiv Swiss Holdings, has launched a cash tender offer to repurchase several series of its outstanding senior notes.

The company said it plans to buy back up to $1.35 billion worth of notes. These include the 3.25% notes due 2032 and the 5.75% notes due 2054.

Holders who tender their notes before the early deadline will receive a premium, the company said. The early tender deadline is March 19.

The offer will expire on April 3 unless extended. The settlement date is expected to be April 7, Aptiv said.