TE Connectivity Raises $600 Million via Long-Term Debt Offering

By Benzinga
Benzinga
Benzinga
February 2, 2022 Updated: February 2, 2022

TE Connectivity Ltd.’s subsidiary, Tyco Electronics Group S.A., priced $600 million 2.500 percent senior notes due 2032 in a secondary offering.

TE Connectivity will issue the $600 million senior notes due 2032 for 98.033 percent at an interest rate of 2.500 percent per year, payable semi-annually.

TE Connectivity looks to use the offering proceeds for general corporate purposes.

TE Connectivity held $3.5 billion in long-term debt as of December 24, 2021.

By Anusuya Lahiri

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