SCHAFFHAUSEN, Switzerland,
Feb. 6, 2020 /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 €550 million aggregate
principal amount of its 0.000% senior notes due 2025.
The offer is being made pursuant to an effective registration
statement filed by TE Connectivity and TEGSA on December 17, 2018, which includes a prospectus,
and a prospectus supplement dated February
6, 2020.
The €550 million senior notes due 2025 will be issued at a price
of 99.338% and will have a stated interest rate of 0.000% per year,
payable annually.
TE Connectivity intends to use the net proceeds of this offering
for general corporate purposes.
BNP Paribas, Goldman Sachs & Co. LLC, Citigroup Global
Markets Limited and Merrill Lynch International are joint
book-running managers for this offering, which is expected to close
on February 14, 2020.
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, 10 Harewood Avenue, London NW1 6AA, United Kingdom, Attention: Fixed Income
Syndicate, or by calling toll free 1-800-854-5674, or by emailing
dl.newyorksyndicateigcorporates@us.bnpparibas.com, or from Goldman
Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, NY 10282, by
calling toll free 1-866-471-2526, or by emailing
prospectus-ny@ny.email.gs.com, or from Citigroup Global Markets
Limited, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Broadridge
Financial Solutions, or by calling toll free 1-800-831-9146, or by
emailing prospectus@citi.com, or from Merrill Lynch International,
2 King Edward Street, London EC1A 1HQ, United Kingdom, Attention: Syndicate Desk, or
by calling toll free 1-800-294-1322.
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.
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,
business, economic, competitive and regulatory risks, such as
conditions affecting demand for products, particularly in the
automotive and data and devices industries; 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. 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.
27, 2019 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.
ABOUT TE CONNECTIVITY
TE Connectivity Ltd. (NYSE: TEL) is a $13
billion 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 nearly 80,000 employees,
including more than 8,000 engineers, working alongside customers in
approximately 150 countries, TE ensures that EVERY CONNECTION
COUNTS.
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SOURCE TE Connectivity Ltd.