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.

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