secwatch.observer — SEC 8-K summary
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Issuer:     TE Connectivity plc (TEL)
CIK:        0001385157
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001104659-25-024458
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TE Connectivity enters $1.5B 364-day credit facility to back commercial paper
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385157/000110465925024458/0001104659-25-024458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385157/000110465925024458/tm259426d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-024458

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