TE Connectivity Ltd. (NYSE: TEL) (“TE Connectivity”) today announced that its wholly-owned subsidiary, Tyco Electronics Group S.A. (“TEGSA”), has priced an offering of €550 million aggregate principal amount of its 0.000% senior notes due 2025.
The offer is being made pursuant to an effective registration statement filed by TE Connectivity and TEGSA on December 17, 2018, which includes a prospectus, and a prospectus supplement dated February 6, 2020.
The €550 million senior notes due 2025 will be issued at a price of 99.338% and will have a stated interest rate of 0.000% per year, payable annually.
TE Connectivity intends to use the net proceeds of this offering for general corporate purposes.
BNP Paribas, Goldman Sachs & Co. LLC, Citigroup Global Markets Limited and Merrill Lynch International are joint book-running managers for this offering, which is expected to close on February 14, 2020.
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 from BNP Paribas, 10 Harewood Avenue, London NW1 6AA, United Kingdom, Attention: Fixed Income Syndicate, or by calling toll free 1-800-854-5674, or by emailing dl.newyorksyndicateigcorporates@us.bnpparibas.com, or from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by calling toll free 1-866-471-2526, or by emailing prospectus-ny@ny.email.gs.com, or from Citigroup Global Markets Limited, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Broadridge Financial Solutions, or by calling toll free 1-800-831-9146, or by emailing prospectus@citi.com, or from Merrill Lynch International, 2 King Edward Street, London EC1A 1HQ, United Kingdom, Attention: Syndicate Desk, or by calling toll free 1-800-294-1322.
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.
SOURCE: TE Connectivity
