debt
confidence high
sentiment neutral
materiality 0.50
TE Connectivity raises $750M in new senior notes; proceeds to refinance 2026 debt
TE Connectivity plc
- Issued $200M 4.500% Senior Notes due 2031 and $550M 4.875% Senior Notes due 2036.
- Net proceeds ~$745.5M after underwriting discount; used to repay 3.700% and 4.500% notes due 2026.
- Additional 2031 notes are fungible with $450M existing 4.500% notes due 2031, bringing total to $650M.
- Notes are unsecured senior obligations, fully guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd.