Thursday, November 21, 2013: TE Connectivity Ltd. (NYSE: TEL) today announced that its wholly-owned subsidiary, Tyco Electronics Group S.A. (“TEGSA”), has priced an offering of $325 million aggregate principal amount of 2.375% senior notes due 2018. The offer is being made pursuant to an effective registration statement filed by TE Connectivity Ltd. and TEGSA on January 21, 2011.
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The $325 million senior notes due 2018 will be issued at a price of 99.493% and will have a stated interest rate of 2.375% per year, payable semi-annually.
TE Connectivity intends to use the net proceeds of this offering for general corporate purposes, which may include repayment of outstanding debt.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for this offering, which is expected to close on November 25, 2013.
A copy of the prospectus for the offering can be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling (800) 831-9146, or by emailing batprospectusdept@citi.com or from your Deutsche Bank Securities sales person or Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Floor 2, Jersey City, NJ 07311-3988, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com or from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, by calling (800) 294-1322, or by e-mailing dg.prospectus_requests@baml.com.
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.
