debt
confidence high
sentiment neutral
materiality 0.50
TE Connectivity subsidiary issues €750M 3.250% senior notes due 2033
TE Connectivity plc
- TEGSA issued €750M aggregate principal of 3.250% Senior Notes due 2033 at 99.136% of par.
- Net proceeds of approximately €740.1M after underwriters' discount.
- Proceeds will be used for general corporate purposes, including possible debt repayment.
- Notes are fully and unconditionally guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd.
- Offering priced Jan 28, closed Jan 31, 2025; joint bookrunners: BofA, Citi, J.P. Morgan.