TE Connectivity Successfully Prices €500 Million Senior Notes Offering with 2.500% Interest Rate
TE Connectivity plc (NYSE: TEL), a global leader in industrial technology, has recently announced the pricing of its senior notes offering, amounting to €500 million with a fixed interest rate of 2.500%. The offering, executed by its wholly-owned subsidiary Tyco Electronics Group S.A. (TEGSA), is set to mature in 2028. This strategic financial maneuver is being conducted under an effective registration statement, which encompasses a comprehensive prospectus that was filed on October 1, 2024.
The senior notes will be issued at a price of 99.610%, and the accrued interest will be paid annually. The funds generated from this offering will be utilized for various corporate needs, including but not limited to settling debts associated with the recent acquisition of Richards Manufacturing.
Aiming for a closing date of May 6, 2025, this bond issuance has garnered significant interest from major financial institutions, with Barclays Bank PLC, BNP PARIBAS, BofA Securities Europe SA, Citigroup Global Markets Limited, Deutsche Bank Aktiengesellschaft, Goldman Sachs & Co. LLC, J.P. Morgan Securities plc, and Scotiabank (Ireland) Designated Activity Company acting as joint book-running managers.
Investors are invited to access the complete base prospectus or the latest prospectus supplement regarding the offering at the website of the Securities and Exchange Commission or by contacting the listed banks directly.
It’s important to note that this announcement is solely informative and does not represent an offer to sell, or a solicitation to purchase any security. The offering will not be made in jurisdictions where it would breach applicable laws and regulations.
TE Connectivity, headquartered in Galway, Ireland, is recognized for creating a more interconnected and efficient future through its innovative technology solutions. The company’s expansive portfolio covers various sectors, allowing it to cater to diverse needs, from energy networks to advanced medical technologies. Currently, TE Connectivity employs over 85,000 individuals in approximately 130 countries worldwide, driving forward the goal of ensuring that 'Every Connection Counts'.
Looking ahead, TE Connectivity remains committed to maintaining its market position and fulfilling the dynamic needs of its clientele. The firm also underscores the importance of transparency, as it releases projections and statements that may include forward-looking insights based on current expectations. However, these future-facing statements come with inherent risks and uncertainties that may affect actual results.
In conclusion, TE Connectivity’s recent pricing of senior notes signifies not only a strong market strategy but also an important step in bolstering its financial footing to support growth, acquisitions, and future innovations. As the closing date approaches, stakeholders remain attentive to the implications this financing will have on the company's trajectory in the industrial technology landscape.
The senior notes will be issued at a price of 99.610%, and the accrued interest will be paid annually. The funds generated from this offering will be utilized for various corporate needs, including but not limited to settling debts associated with the recent acquisition of Richards Manufacturing.
Aiming for a closing date of May 6, 2025, this bond issuance has garnered significant interest from major financial institutions, with Barclays Bank PLC, BNP PARIBAS, BofA Securities Europe SA, Citigroup Global Markets Limited, Deutsche Bank Aktiengesellschaft, Goldman Sachs & Co. LLC, J.P. Morgan Securities plc, and Scotiabank (Ireland) Designated Activity Company acting as joint book-running managers.
Investors are invited to access the complete base prospectus or the latest prospectus supplement regarding the offering at the website of the Securities and Exchange Commission or by contacting the listed banks directly.
It’s important to note that this announcement is solely informative and does not represent an offer to sell, or a solicitation to purchase any security. The offering will not be made in jurisdictions where it would breach applicable laws and regulations.
TE Connectivity, headquartered in Galway, Ireland, is recognized for creating a more interconnected and efficient future through its innovative technology solutions. The company’s expansive portfolio covers various sectors, allowing it to cater to diverse needs, from energy networks to advanced medical technologies. Currently, TE Connectivity employs over 85,000 individuals in approximately 130 countries worldwide, driving forward the goal of ensuring that 'Every Connection Counts'.
Looking ahead, TE Connectivity remains committed to maintaining its market position and fulfilling the dynamic needs of its clientele. The firm also underscores the importance of transparency, as it releases projections and statements that may include forward-looking insights based on current expectations. However, these future-facing statements come with inherent risks and uncertainties that may affect actual results.
In conclusion, TE Connectivity’s recent pricing of senior notes signifies not only a strong market strategy but also an important step in bolstering its financial footing to support growth, acquisitions, and future innovations. As the closing date approaches, stakeholders remain attentive to the implications this financing will have on the company's trajectory in the industrial technology landscape.
Topics Business Technology）
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