#Senior Notes #TE Connectivity #Tyco Electronics

TE Connectivity Announces $900 Million Senior Notes Offering

TE Connectivity plc (NYSE: TEL) has recently announced a significant financial maneuver involving the pricing of $900 million in senior notes. This initiative is executed through its subsidiary, Tyco Electronics Group S.A. (TEGSA), which operates broadly within the connectivity and sensor solutions market. With this announcement dated April 29, 2025, TE Connectivity aims to enhance its strategic position and manage existing debts efficiently.

Details of the Offering

Within the $900 million offering, TE Connectivity has segmented it into two distinct senior notes:

• - $450 million of 4.500% senior notes maturing in 2031
• - $450 million of 5.000% senior notes maturing in 2035

These notes are to be issued under a registration statement that was filed on October 1, 2024, along with a prospectus supplement dated April 29, 2025. The 2031 notes will be priced at 99.516% of their principal, while the 2035 notes will be offered at 98.947% of their principal value. Interest on the notes will be paid semi-annually, thus providing investors with regular income streams.

Utilization of Proceeds

TE Connectivity has stated that the net proceeds garnered from this notes offering will be allocated for general corporate purposes. A significant aspect of these endeavors will include the repayment of debts associated with its recent acquisition of the Richards Manufacturing business. This strategic allocation not only showcases prudent financial management but also reinforces TE Connectivity's commitment to sustaining growth and innovation in its core sectors.

Leadership in the Market

TE Connectivity, as a global leader in industrial technology, is dedicated to creating a future that is safer and more connected. The company prides itself on its ability to engineer connectivity solutions that empower sectors ranging from advanced transportation to medical technology, thereby ensuring that