TE Connectivity subsidiary issues $900M in senior notes; terminates 364-day facility

TE Connectivity plc

TEGSA issued $450M 4.500% notes due 2031 and $450M 5.000% notes due 2035; net proceeds ~$887.5M.
Proceeds used for general corporate purposes, including repayment of debt from Richards Manufacturing acquisition.
TE Connectivity terminated its $1.5B 364-Day Credit Agreement with no borrowings outstanding; effective May 16, 2025.
Company expects to reduce commercial paper program capacity from $2.75B to $1.25B after repayment of CP with note proceeds.
Notes are fully guaranteed by TE Connectivity and Swiss TE on an unsecured senior basis.

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