TE Connectivity announces pricing of $750 million senior notes offerings

TE Connectivity (NYSE: TEL) priced $750 million of senior notes via subsidiary Tyco Electronics Group S.A.: $200M of additional 4.500% notes due 2031 and $550M of 4.875% notes due 2036.

Rhea-AI Summary

TE Connectivity (NYSE: TEL) priced $750 million of senior notes via subsidiary Tyco Electronics Group S.A.: $200M of additional 4.500% notes due 2031 and $550M of 4.875% notes due 2036. The additional 2031 notes are fungible with an existing $450M 4.500% series, bringing 2031 outstanding to $650M. Pricing: 2031 at 100.907%, 2036 at 99.718%. Net proceeds will repay outstanding 3.700% and 4.500% senior notes due 2026 and fund general corporate purposes. Joint book-runners; expected close Feb 9, 2026.

Positive

• $750M aggregate senior notes priced
• 2031 series increased to $650M outstanding
• Proceeds targeted to repay 2026 maturities

Negative

• New notes carry coupons of 4.500% and 4.875%
• 2036 notes priced below par at 99.718%

Argus Jan 27 session

+2.35% close to close Open Argus

Details

News Market Reaction – TEL

On Jan 27, the first trading day after this news, TEL closed 2.35% above the previous close.

Data tracked by StockTitan Argus for the Jan 27 session.

Key Figures

2031 notes size: $200 million 2036 notes size: $550 million 2031 coupon: 4.500% +5 more

2031 notes size

$200 million

Aggregate principal amount of 4.500% senior notes due 2031

2036 notes size

$550 million

Aggregate principal amount of 4.875% senior notes due 2036

2031 coupon

4.500%

Stated interest rate on 2031 senior notes, payable semi-annually

2036 coupon

4.875%

Stated interest rate on 2036 senior notes, payable semi-annually

Existing 2031 notes

$450 million

Outstanding 4.500% Senior Notes due 2031 issued May 9, 2025

Total 2031 notes

$650 million

Aggregate principal amount of 2031 notes after closing of offering

Debt to be repaid

3.700%

Coupon on senior notes due 2026 targeted for repayment

Additional debt to be repaid

4.500%

Coupon on other senior notes due 2026 targeted for repayment

Historical Context

5 past events · Latest: Jan 22

5 events

1. Jan 22

   Reputation recognition

   24h Move

   +0.1%

   Named to Fortune’s World’s Most Admired Companies list for ninth year.

2. Jan 21

   Quarterly earnings

   24h Move

   -1.0%

   Strong Q1 FY26 results with higher sales, EPS and margins plus upbeat outlook.

3. Jan 05

   Earnings date notice

   24h Move

   -0.8%

   Announced timing and access details for upcoming Q1 FY26 earnings release.

4. Jan 05

   Correction notice

   24h Move

   -0.8%

   Corrected prior announcement regarding timing and access for Q1 FY26 results.

5. Dec 17

   Dividend declaration

   24h Move

   +1.4%

   Declared regular quarterly cash dividend of $0.71 per ordinary share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, aggregate principal amount, registration statement, prospectus supplement

4 terms

senior notes financial

"has priced an offering of: $200 million aggregate principal amount of its 4.500% senior notes"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

aggregate principal amount financial

"$200 million aggregate principal amount of its 4.500% senior notes due 2031"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

registration statement regulatory

"The offer is being made pursuant to an effective registration statement filed by TE Connectivity"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus supplement regulatory

"which includes a prospectus, and a prospectus supplement dated January 26, 2026."

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GALWAY, Ireland, Jan. 26, 2026 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) ("TE Connectivity") today announced that Tyco Electronics Group S.A. ("TEGSA"), its indirect wholly-owned subsidiary, has priced an offering of:

• $200 million aggregate principal amount of its 4.500% senior notes due 2031 (the "additional 2031 notes").
• $550 million aggregate principal amount of its 4.875% senior notes due 2036 (the "2036 notes").

The offer is being made pursuant to an effective registration statement filed by TE Connectivity, TE Connectivity Switzerland Ltd. and TEGSA on October 1, 2024, which includes a prospectus, and a prospectus supplement dated January 26, 2026.

The additional 2031 notes will constitute a further issuance of, form a single series with, have identical terms to (other than the initial offering price and the issue date) and be fully fungible with TEGSA's outstanding $450 million aggregate principal amount of 4.500% Senior Notes due 2031 issued on May 9, 2025 (together with the additional 2031 notes, the "2031 notes"). Following the closing of the offering, there will be $650 million aggregate principal amount of 2031 notes outstanding.

The additional 2031 notes will be issued at a price of 100.907% and will have a stated interest rate of 4.500% per year, payable semi-annually. The 2036 notes will be issued at a price of 99.718% and will have a stated interest rate of 4.875% per year, payable semi-annually. TE Connectivity intends to use the net proceeds of this offering for the repayment of outstanding debt, including the 3.700% senior notes due 2026 and the 4.500% senior notes due 2026, and general corporate purposes.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are joint book-running managers for this offering, which is expected to close on February 9, 2026.

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 by calling BNP Paribas Securities Corp. toll free at 1-800-854-5674, Citigroup Global Markets Inc. toll free at 1-800-831-9146, Deutsche Bank Securities Inc. toll free at 1-800-503-4611, or Goldman Sachs & Co. LLC toll free at 1-866-471-2526.

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.

About TE Connectivity

TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS.

Forward-Looking Statements

This release contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements regarding the notes offering. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity plc's Annual Report on Form 10-K for the fiscal year ended Sept. 26, 2025, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

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SOURCE TE Connectivity plc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What senior notes did TE Connectivity (TEL) price on January 26, 2026?

TEL priced $200M additional 4.500% notes due 2031 and $550M 4.875% notes due 2036.

How will TE Connectivity (TEL) use the proceeds from the $750M offering?

TE Connectivity intends to use net proceeds to repay outstanding 3.700% and 4.500% senior notes due 2026 and for general corporate purposes.

When is the $750M TE Connectivity (TEL) offering expected to close?

The offering is expected to close on February 9, 2026.

What will be the total outstanding 2031 notes for TE Connectivity (TEL) after the offering?

Following the offering, there will be $650M aggregate principal amount of 2031 notes outstanding.

At what prices were the TE Connectivity (TEL) 2031 and 2036 notes issued?

The additional 2031 notes were issued at 100.907% and the 2036 notes at 99.718%.