- TE Connectivity Ltd's 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
