TE Connectivity plc (NYSE: TEL) has announced the pricing of a $750 million senior notes offering through its indirect wholly-owned subsidiary, Tyco Electronics Group S.A. (TEGSA). The offering includes $200 million aggregate principal amount of its 4.500% senior notes due 2031 (the "additional 2031 notes") and $550 million aggregate principal amount of its 4.875% senior notes due 2036 (the "2036 notes").
Following the offering, there will be $650 million aggregate principal amount of 2031 notes outstanding, adding to the existing $450 million aggregate principal amount of 4.500% senior notes due 2031 issued on May 9, 2025. The additional 2031 notes will be issued at a price of 100.907% with a stated interest rate of 4.500% per year, payable semi-annually. On the other hand, the 2036 notes will be issued at a price of 99.718% with a stated interest rate of 4.875% per year, also payable semi-annually.
The net proceeds from this offering are intended for the repayment of outstanding debt, including the 3.700% senior notes due 2026 and the 4.500% senior notes due 2026, as well as for general corporate purposes.
The joint book-running managers for this offering are BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC. The offering is expected to close on February 9, 2026.
TE Connectivity plc is a global industrial technology leader with over 90,000 employees, including 10,000 engineers, operating in approximately 130 countries. The company's connectivity and sensor solutions play a crucial role in advancing next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Today the company's shares have moved -0.38% to a price of $241.01. For more information, read the company's full 8-K submission here.
