TE Connectivity plc (TEL): debt financing — TE Connectivity upsizes revolving credit facility from $1.5B to $3B, matures 2031

TE Connectivity plc

Entered $3.0B five-year senior unsecured revolving credit facility, replacing $1.5B facility due 2029.
New facility matures Feb 13, 2031, with option to extend up to two one-year periods.
Borrowings bear interest at Term SOFR, EURIBOR, SONIA, or TIBOR plus margin based on TEGSA's debt rating.
Financial covenant: ratio of Consolidated Total Debt to Consolidated EBITDA must not exceed 3.75 to 1.0.
Facility backs commercial paper program; aggregate commitments may be increased by up to $1.0B at TEGSA's option.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TE Connectivity plc incurred revolving credit of $3,000,000,000 with Bank of America, N.A. at Term SOFR or alternate base rate plus applicable margin maturing February 13, 2031.

Instrument: revolving credit
Principal: $3,000,000,000
Counterparty: Bank of America, N.A.
Rate: Term SOFR or alternate base rate plus applicable margin
Maturity: February 13, 2031
Event: incurrence

Exact text from the filing

which provides for revolving credit commitments in the aggregate amount of $3,000,000,000

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TE Connectivity plc terminated Existing Credit Agreement with Bank of America, N.A., as administrative agent (effective 2026-02-13).

Action: termination
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Effective: 2026-02-13

Exact text from the filing

The Existing Credit Agreement was terminated concurrently with the effectiveness of, and as a condition of entering into, the Credit Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TE Connectivity plc entered into Credit Agreement with Bank of America, N.A., as administrative agent valued at $3,000,000,000 (effective 2026-02-13).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Value: $3,000,000,000
Effective: 2026-02-13

Exact text from the filing

On February 13, 2026, TE Connectivity plc (the “Company”) entered into a Five-Year Senior Credit Agreement (the “Credit Agreement”), by and among the Company, as parent guarantor, its wholly-owned subsidiary TE Connectivity Switzerland Ltd. (the “Intermediate Guarantor”), as intermediate guarantor, its wholly-owned subsidiary, Tyco Electronics Group S.A. (“TEGSA”), as borrower, the lenders party thereto (the “Lenders”) and Bank of America, N.A., as administrative agent, which provides for revolving credit commitments in the aggregate amount of $3,000,000,000

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TE Connectivity plc filing history →

Source: SEC EDGAR

accession 0001104659-26-015617

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