TE Connectivity Prices $750 Million Senior Notes to Strengthen Financial Position
On January 26, 2026, TE Connectivity plc, listed on the NYSE as TEL, publicized the pricing details regarding its recent offering of senior notes. The effort involves a total issuance of $750 million from its indirect wholly-owned subsidiary, Tyco Electronics Group S.A. (TEGSA).
The offering consists of two parts: $200 million of 4.500% senior notes scheduled to mature in 2031, known as the "additional 2031 notes," and $550 million of 4.875% senior notes maturing in 2036, referred to as the "2036 notes." This issuance is a continuation of a previously established program aimed at managing and optimizing TE Connectivity's financial structure.
The foundation for this recent offering is built upon an effective registration statement that TE Connectivity, TE Connectivity Switzerland Ltd., and TEGSA filed on October 1, 2024. This statement includes a comprehensive prospectus and the latest supplement dated January 26, 2026, which provides detailed terms of the notes.
The additional 2031 notes will be issued at an approximate price of 100.907% of their aggregate principal amount with an attractive annual interest rate of 4.500%, which will be paid out semi-annually. Similarly, the 2036 notes are set to be issued at a price of 99.718%, yielding a semi-annual interest rate of 4.875%. Following the completion of this offering, the total outstanding amount of 2031 notes will rise to $650 million, demonstrating a significant move in TE's financing strategy.
TE Connectivity intends to allocate proceeds from this issuance for the repayment of existing debt, such as the 3.700% senior notes expiring in 2026, along with the 4.500% senior notes due the same year, all while supporting general corporate functions. This proactive management of liabilities underlines TE Connectivity’s commitment to maintaining a strong balance sheet, especially given the economic context and potential financial fluctuations in its operating markets.
Leading banks in this offering, including BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC, are serving as joint book-running managers. They anticipate that the transaction will be finalized by February 9, 2026, marking a notable milestone in TE Connectivity’s strategic financial planning.
For more information regarding the offering, investors can access a copy of the base prospectus through the U.S. Securities and Exchange Commission’s website or by contacting the aforementioned banks directly. It is crucial to note that this announcement does not represent a public offer for sale or solicitation of any security in territories where such offer would be considered illegal.
About TE Connectivity: TE Connectivity plc is an industry leader, known for advancing connectivity technology across various sectors. The company utilizes cutting-edge solutions to enable efficient power and data transmission, focusing on future-ready applications in transportation, energy, and automated systems. With a dedicated workforce of over 90,000 employees, including 10,000 engineers, TE Connectivity maintains a global presence across approximately 130 countries, reinforcing its mantra that every connection counts.
Through its strategic offerings like this latest senior note issuance, TE Connectivity continues to position itself to adapt and thrive in a rapidly evolving technological landscape while ensuring sustainable growth and innovation. Stakeholders and clients alike can look forward to the positive implications stemming from this financial maneuver, as TE Connectivity remains committed to delivering impactful solutions in connectivity and sensor technology.
The offering consists of two parts: $200 million of 4.500% senior notes scheduled to mature in 2031, known as the "additional 2031 notes," and $550 million of 4.875% senior notes maturing in 2036, referred to as the "2036 notes." This issuance is a continuation of a previously established program aimed at managing and optimizing TE Connectivity's financial structure.
The foundation for this recent offering is built upon an effective registration statement that TE Connectivity, TE Connectivity Switzerland Ltd., and TEGSA filed on October 1, 2024. This statement includes a comprehensive prospectus and the latest supplement dated January 26, 2026, which provides detailed terms of the notes.
The additional 2031 notes will be issued at an approximate price of 100.907% of their aggregate principal amount with an attractive annual interest rate of 4.500%, which will be paid out semi-annually. Similarly, the 2036 notes are set to be issued at a price of 99.718%, yielding a semi-annual interest rate of 4.875%. Following the completion of this offering, the total outstanding amount of 2031 notes will rise to $650 million, demonstrating a significant move in TE's financing strategy.
TE Connectivity intends to allocate proceeds from this issuance for the repayment of existing debt, such as the 3.700% senior notes expiring in 2026, along with the 4.500% senior notes due the same year, all while supporting general corporate functions. This proactive management of liabilities underlines TE Connectivity’s commitment to maintaining a strong balance sheet, especially given the economic context and potential financial fluctuations in its operating markets.
Leading banks in this offering, including BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC, are serving as joint book-running managers. They anticipate that the transaction will be finalized by February 9, 2026, marking a notable milestone in TE Connectivity’s strategic financial planning.
For more information regarding the offering, investors can access a copy of the base prospectus through the U.S. Securities and Exchange Commission’s website or by contacting the aforementioned banks directly. It is crucial to note that this announcement does not represent a public offer for sale or solicitation of any security in territories where such offer would be considered illegal.
About TE Connectivity: TE Connectivity plc is an industry leader, known for advancing connectivity technology across various sectors. The company utilizes cutting-edge solutions to enable efficient power and data transmission, focusing on future-ready applications in transportation, energy, and automated systems. With a dedicated workforce of over 90,000 employees, including 10,000 engineers, TE Connectivity maintains a global presence across approximately 130 countries, reinforcing its mantra that every connection counts.
Through its strategic offerings like this latest senior note issuance, TE Connectivity continues to position itself to adapt and thrive in a rapidly evolving technological landscape while ensuring sustainable growth and innovation. Stakeholders and clients alike can look forward to the positive implications stemming from this financial maneuver, as TE Connectivity remains committed to delivering impactful solutions in connectivity and sensor technology.
Topics Financial Services & Investing）
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