GALWAY,
Ireland, Jan. 28,
2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL)
("TE Connectivity") today announced that Tyco Electronics Group
S.A. ("TEGSA"), its indirect wholly-owned subsidiary, has priced an
offering of €750 million aggregate principal amount of its 3.250%
senior notes due 2033.
The offer is being made pursuant to an effective
registration statement filed by TE Connectivity, TE Connectivity
Switzerland Ltd. and TEGSA on October 1,
2024, which includes a prospectus, and a prospectus
supplement dated January 28, 2025.
The €750 million senior notes due 2033 will be
issued at a price of 99.136% and will have a stated interest rate
of 3.250% per year, payable annually.
TE Connectivity intends to use the net proceeds
of this offering for general corporate purposes, which may include
the repayment of outstanding debt.
BofA Securities Europe SA, Citigroup Global
Markets Limited and J.P. Morgan Securities plc are joint
book-running managers for this offering, which is expected to close
on January 31, 2025.
A copy of the base prospectus in the registration
statement or the prospectus supplement for the offering can be
obtained from the Securities and Exchange Commission's website at
www.sec.gov or by calling BofA Securities Europe SA toll free at
1-800-294-1322, Citigroup Global Markets Limited toll free at
1-800-831-9146, J.P. Morgan Securities plc at +44-20 7134-2468
(Non-US investors), or J.P. Morgan Securities LLC collect at
+1-212-834-4533 (US investors).
This announcement does not constitute an offer to
sell or the solicitation of offers to buy any security and shall
not constitute an offer, solicitation, or sale of any security in
any jurisdiction in which such offer, solicitation, or sale would
be unlawful.
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial
technology leader creating a safer, sustainable, productive, and
connected future. Our broad range of connectivity and sensor
solutions enable the distribution of power, signal, and data to
advance next-generation transportation, renewable energy, automated
factories, data centers, medical technology, and more. With more
than 85,000 employees, including 9,000 engineers, working alongside
customers in approximately 130 countries, TE ensures that EVERY
CONNECTION COUNTS.
Forward-Looking Statements
This release contains certain "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. These statements are based on
management's current expectations and are subject to risks,
uncertainties and changes in circumstances, which may cause actual
results, performance, financial condition or achievements to differ
materially from anticipated results, performance, financial
condition or achievements. All statements contained herein that are
not clearly historical in nature are forward-looking and the words
"anticipate," "believe," "expect," "estimate," "plan," and similar
expressions are generally intended to identify forward-looking
statements. We have no intention and are under no obligation to
update or alter (and expressly disclaim any such intention or
obligation to do so) our forward-looking statements whether as a
result of new information, future events or otherwise, except to
the extent required by law. The forward-looking statements in this
release include statements regarding the notes offering. Examples
of factors that could cause actual results to differ materially
from those described in the forward-looking statements include,
among others, the extent, severity and duration of business
interruptions negatively affecting our business operations;
business, economic, competitive and regulatory risks, such as
conditions affecting demand for products in the automotive and
other industries we serve; competition and pricing pressure;
fluctuations in foreign currency exchange rates and impacts of
offsetting hedges; natural disasters and political, economic and
military instability in countries in which we operate, including
the continuing military conflicts in certain parts of the world;
developments in the credit markets; future goodwill impairment;
compliance with current and future environmental and other laws and
regulations; and the possible effects on us of changes in tax laws,
tax treaties and other legislation, including the effects of Irish
tax reform (if applicable). More detailed information about these
and other factors is set forth in TE Connectivity plc's Annual
Report on Form 10-K for the fiscal year ended Sept. 27, 2024 as well as in our Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K and other reports
filed by us with the U.S. Securities and Exchange Commission.
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SOURCE TE Connectivity plc