TE Connectivity subsidiary issues $500M 4.500% senior notes due 2026

TE Connectivity plc

TEGSA, TE Connectivity subsidiary, priced $500M in 4.500% senior notes due 2026.
Notes issued at 99.811% of par; net proceeds ~$497.3M after underwriters' discount.
Proceeds to be used for general corporate purposes, including repayment of outstanding debt.
Notes are unsecured senior obligations, fully guaranteed by TE Connectivity.
Joint book-running managers: BofA Securities, Citigroup, J.P. Morgan; closing expected Feb 13, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TE Connectivity plc entered into Nineteenth Supplemental Indenture with Deutsche Bank Trust Company Americas valued at $500,000,000 aggregate principal amount (effective 2023-02-13).

Action: entry
Agreement: notes offering
Counterparty: Deutsche Bank Trust Company Americas
Value: $500,000,000 aggregate principal amount
Effective: 2023-02-13

Exact text from the filing

On February 13, 2023, Tyco Electronics Group S.A. (“TEGSA”), a wholly-owned subsidiary of TE Connectivity Ltd. (“TE Connectivity”), issued $500,000,000 aggregate principal amount of its 4.500% Senior Notes due 2026 (the “Notes”).

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TE Connectivity plc filing history →

Source: SEC EDGAR

accession 0001104659-23-019309

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