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 $350 million aggregate principal amount of its 3.700% senior notes due 2026.
The offer is being made pursuant to an effective registration statement filed by TE Connectivity and TEGSA on December 9, 2013.
The $350 million senior notes due 2026 will be issued at a price of 99.757% and will have a stated interest rate of 3.700% per year, payable semi-annually.
TE Connectivity intends to use the net proceeds of this offering for general corporate purposes.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Goldman, Sachs & Co. are joint book-running managers for this offering, which is expected to close on January 28, 2016.
A copy of the prospectus for the offering can be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling (800) 831-9146, or by emailing prospectus@citi.com, from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, or by calling collect at (212) 834-4533 or from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, by calling (866) 471-2526, by faxing (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com.
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.
