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TE Connectivity prices $500M debt offering

Jan. 31, 2023 3:56 AM ETTE Connectivity Ltd. (TEL) StockBy: Meghavi Singh, SA News Editor
  • TE Connectivity (NYSE:TEL) said that its wholly-owned subsidiary, Tyco Electronics Group has priced an offering of $500M aggregate principal amount of its 4.500% senior notes due 2026.
  • The senior notes due 2026 will be issued at a price of 99.811% and will have a stated interest rate of 4.500% per year, payable semi-annually.
  • Net proceeds of this offering will be used for general corporate purposes, which may include the repayment of outstanding debt.

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