TE Connectivity announces pricing of $900 million senior notes offerings

Core Viewpoint - TE Connectivity plc has announced the pricing of a $450 million offering of senior notes, which will be used for general corporate purposes, including debt repayment related to the acquisition of the Richards Manufacturing business [1][3]. Group 1: Offering Details - The offering includes$450 million senior notes due 2031 with a stated interest rate of 4.500% per year, issued at a price of 99.516% [2]. - Additionally, $450 million senior notes due 2035 will have a stated interest rate of 5.000% per year, issued at a price of 98.947% [2]. - The offering is expected to close on May 9, 2025, with several major financial institutions acting as joint book-running managers [4]. Group 2: Use of Proceeds - The net proceeds from this offering, along with any net proceeds from a concurrent Euro notes offering, will be utilized for general corporate purposes, specifically for repaying debt incurred from the acquisition of Richards Manufacturing [3]. Group 3: Company Overview - TE Connectivity plc is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future, with a workforce of over 85,000 employees, including 9,000 engineers [7].