SCHAFFHAUSEN, Switzerland,
Feb. 1, 2022 /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 $600
million aggregate principal amount of its 2.500% senior
notes due 2032.
The offer is being made pursuant to an effective registration
statement filed by TE Connectivity and TEGSA on June 21, 2021, which includes a prospectus, and a
prospectus supplement dated February 1,
2022.
The $600 million senior notes due
2032 will be issued at a price of 98.033% and will have a stated
interest rate of 2.500% per year, payable semi-annually.
TE Connectivity intends to use the net proceeds of this offering
for general corporate purposes.
BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and
Goldman Sachs & Co. LLC are joint book-running managers
for this offering, which is expected to close on February 4, 2022.
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
from BNP Paribas Securities Corp. by calling toll-free at
1-800-854-5674, Deutsche Bank Securities Inc. by calling toll-free
at 1-800-503-4611 or Goldman Sachs & Co. LLC by calling
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 Ltd. (NYSE: TEL)
is a global industrial technology leader creating a safer,
sustainable, productive, and connected future. Our broad range of
connectivity and sensor solutions, proven in the harshest
environments, enable advancements in transportation, industrial
applications, medical technology, energy, data communications, and
the home. With more than 85,000 employees, including over 8,000
engineers, working alongside customers in approximately 140
countries, 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 addressing our future financial
condition and operating results. 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 the coronavirus disease 2019 ("COVID-19")
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; 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, including
the effects of Swiss tax reform. In addition, the extent to which
COVID-19 will impact our business and our financial results will
depend on future developments, which are highly uncertain and
cannot be predicted. Such developments may include the geographic
spread of the virus, the severity of the virus, the duration of the
outbreak, the impact on our suppliers' and customers' supply
chains, the actions that may be taken by various governmental
authorities in response to the outbreak in jurisdictions in which
we operate, and the possible impact on the global economy and local
economies in which we operate. More detailed information about
these and other factors is set forth in TE Connectivity Ltd.'s
Annual Report on Form 10-K for the fiscal year ended Sept. 24, 2021 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 Ltd.