AI English summary of an SEC filing — figures as filed
TE Connectivity TELTE Connectivity said its Irish subsidiary Tyco Electronics Group S.A. (TEGSA) issued €750,000,000 of 2033 senior notes on January 31, 2025 at 3.250%. The notes were offered and sold under a Form S-3 registration statement.
Key points
AI summaryTE Connectivity said its Irish subsidiary Tyco Electronics Group S.A. (TEGSA) issued €750,000,000 of 2033 senior notes on January 31, 2025 at 3.250%. The notes were offered and sold under a Form S-3 registration statement.
The company said the net proceeds from the sale of the notes were about €740.1 million after deducting the underwriters' discount but before other expenses. It said the proceeds will be used for general corporate purposes, which may include repaying outstanding debt.
The company said the notes are unsecured senior obligations of TEGSA and are fully and unconditionally guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd. The notes rank equally with all of TEGSA's existing and future senior debt and are senior to any subordinated debt.
The company said in its press release that €750 million of 2033 notes would be priced at 99.136%, with a stated interest rate of 3.250% per year payable annually. BofA Securities Europe SA, Citigroup Global Markets Limited and J.P. Morgan Securities plc served as joint book-running managers.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
TEGSA Issues €750,000,000 3.250% Senior Notes
TE Connectivity said its Irish subsidiary Tyco Electronics Group S.A. (TEGSA) issued €750,000,000 of 2033 senior notes on January 31, 2025 at 3.250%. The notes were offered and sold under a Form S-3 registration statement.
Source · Based on the filing body and exhibits
Net Proceeds of About €740.1 million and Use of Funds
The company said the net proceeds from the sale of the notes were about €740.1 million after deducting the underwriters' discount but before other expenses. It said the proceeds will be used for general corporate purposes, which may include repaying outstanding debt.
Source · Based on the filing body and exhibits
Unsecured Senior Notes and Guarantee Structure
The company said the notes are unsecured senior obligations of TEGSA and are fully and unconditionally guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd. The notes rank equally with all of TEGSA's existing and future senior debt and are senior to any subordinated debt.
Source · Based on the filing body and exhibits
Issue Price of 99.136% and Annual Interest Paid 1 Times a Year
The company said in its press release that €750 million of 2033 notes would be priced at 99.136%, with a stated interest rate of 3.250% per year payable annually. BofA Securities Europe SA, Citigroup Global Markets Limited and J.P. Morgan Securities plc served as joint book-running managers.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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