debt
confidence high
sentiment neutral
materiality 0.55
TE Connectivity subsidiary issues $350M of 4.625% Senior Notes due 2030
TE Connectivity plc
- TEGSA priced $350M aggregate principal of 4.625% senior notes due 2030 at 99.459% of par.
- Net proceeds ~$346M after underwriting discount; used for general corporate purposes, may include debt repayment.
- Notes are unsecured senior obligations guaranteed by TE Connectivity Ltd.; expected close August 2, 2024.
- Joint book-running managers: BNP Paribas, Deutsche Bank, Goldman Sachs.