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Core Viewpoint - TE Connectivity plc has announced the pricing of €500 million in senior notes due 2028, with a stated interest rate of 2.500% per year, aimed at general corporate purposes including debt repayment related to the acquisition of Richards Manufacturing [1][2][3]. Group 1: Offering Details - The offering consists of €500 million aggregate principal amount of 2.500% senior notes due 2028, priced at 99.610% [2]. - The interest on the senior notes will be payable annually [2]. - The offering is expected to close on May 6, 2025 [4]. Group 2: Use of Proceeds - The net proceeds from this offering will be used for general corporate purposes, including the repayment of debt incurred from the acquisition of the Richards Manufacturing business [3]. Group 3: Company Overview - TE Connectivity plc is a global industrial technology leader focused on connectivity and sensor solutions, with over 85,000 employees, including 9,000 engineers, operating in approximately 130 countries [9].

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].

Core Insights - TE Connectivity plc reported strong operational performance in Q2 of fiscal year 2025, achieving record adjusted EPS and exceeding guidance on both sales and earnings [3][5] - The company expects continued momentum in the third quarter, with anticipated net sales of approximately $4.30 billion, representing an 8% year-over-year increase, and GAAP EPS expected to be around $2.02, up nearly 9% year-over-year [4][5] Financial Performance - For Q2, net sales were $4.1 billion, up 4% year-over-year, with organic growth of 5%, driven by double-digit growth in the Industrial segment [10] - Adjusted EPS reached a record $2.10, reflecting a 13% increase year-over-year [10] - Operating margin was reported at 18.1%, with an adjusted operating margin of 19.4%, indicating strong operational performance across segments [10][28] Segment Performance - The Transportation segment capitalized on its leading position in Asia, maintaining strong margin performance [3] - The Industrial segment saw a 17% sales growth, driven by broad business growth and ongoing momentum in AI, aerospace, and energy applications [3][4] Strategic Outlook - The company completed the acquisition of Richards Manufacturing Co. to leverage growth opportunities in the North American utility market [10] - TE Connectivity's long-standing strategy of locating manufacturing facilities near customers is expected to help navigate the current trade environment effectively [4] Cash Flow and Shareholder Returns - Cash flow from operating activities for the first half of the fiscal year was $1.5 billion, with free cash flow of approximately $1.1 billion [10] - The company returned approximately $1 billion to shareholders and announced a 9% increase in dividends [10]