debt
confidence high
sentiment neutral
materiality 0.50
TE Connectivity subsidiary prices $600M 2.500% senior notes due 2032
TE Connectivity plc
- Tyco Electronics Group S.A., a TE Connectivity (TEL) subsidiary, priced $600M of 2.500% senior notes due 2032.
- Net proceeds approx. $584.4M after underwriting discount; will be used for general corporate purposes.
- Notes priced at 98.033% of par; interest payable semi-annually; expected closing Feb 4, 2022.
- Notes are unsecured senior obligations of TEGSA, fully and unconditionally guaranteed by TE Connectivity.