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TE Connectivity announces par call redemption of $500 million of 3 500% senior notes outstanding
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TE Connectivity announces par call redemption of $500 million of 3 500% senior notes outstanding
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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SCHAFFHAUSEN, Switzerland, Feb. 1, 2021 /PRNewswire/ 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 2029.
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 1, 2021.
The €550 million senior notes due 2029 will be issued at a price of 99.101% 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.