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Benzinga

Business

Anusuya Lahiri

TE Connectivity Raises $600M Via Long-Term Debt Offering

TE Connectivity NYSE

TE Connectivity Ltd's (NYSE:TEL) subsidiary, Tyco Electronics Group S.A., priced $600 million 2.500% senior notes due 2032 in a secondary offering.
TE Connectivity will issue the $600 million senior notes due 2032 for 98.033% at an interest rate of 2.500% per year, payable semi-annually.
TE Connectivity looks to use the offering proceeds for general corporate purposes.
Related Content: TE Connectivity Tops Q1 Consensus; Issues Mixed Q2 Outlook
TE Connectivity held $3.5 billion in long-term debt as of December 24, 2021.
Price Action: TEL shares closed higher by 0.06% at $143.10 on Tuesday.

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