TE Connectivity plc (TEL): debt financing — TE Connectivity enters $1.5B 364-day credit facility to back commercial paper

TE Connectivity plc

$1.5B revolving credit facility entered March 14, 2025; matures March 13, 2026 with one-year extension option.
Borrower: Tyco Electronics Group S.A.; guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd.
Interest at Term SOFR or base rate plus margin based on TEGSA credit ratings; facility fees 3.0–9.0 bps.
Financial covenant: Consolidated Total Debt/Consolidated EBITDA ≤ 3.75:1.0, tested quarterly.
Facility backs commercial paper program; lenders include Bank of America, Barclays, JPMorgan, Goldman Sachs.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TE Connectivity plc incurred revolving credit of $1,500,000,000 with Bank of America, N.A., as administrative agent at Term SOFR or an alternate base rate plus an applicable margin maturing March 13, 2026.

Instrument: revolving credit
Principal: $1,500,000,000
Counterparty: Bank of America, N.A., as administrative agent
Rate: Term SOFR or an alternate base rate plus an applicable margin
Maturity: March 13, 2026
Event: incurrence

Exact text from the filing

which provides for revolving credit commitments in the aggregate amount of $1,500,000,000

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TE Connectivity plc filing history →

Source: SEC EDGAR

accession 0001104659-25-024458

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