TE Connectivity subsidiary issues €500M 2.5% senior notes due 2028

TE Connectivity plc

TEGSA priced €500M of 2.500% senior notes due 2028 at 99.610% of par.
Net proceeds of ~€496.3M to be used for general corporate purposes and to repay debt from Richards Manufacturing acquisition.
Notes are fully and unconditionally guaranteed on a senior unsecured basis by TE Connectivity and TE Connectivity Switzerland Ltd.
Closing expected May 6, 2025; joint book-runners include Barclays, BNP PARIBAS, BofA Securities, Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, and Scotiabank.
The offering supplements a prior January 2025 indenture and is exempt from retail distribution in EEA/UK.

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