TE Connectivity plc 8-K

What Happened

• On February 9, 2026, Tyco Electronics Group S.A. (TEGSA), a wholly‑owned subsidiary of TE Connectivity plc, issued $200 million of 4.500% Senior Notes due 2031 (additional 2031 Notes) and $550 million of 4.875% Senior Notes due 2036. The additional 2031 Notes are fungible with TEGSA’s existing $450 million of 4.500% Senior Notes due 2031 (issued May 9, 2025), bringing total 2031 notes outstanding to $650 million. The offering was made under TE Connectivity’s Form S‑3 registration (No. 333-282440).

Key Details

• Aggregate principal issued: $200M (4.500% due 2031) + $550M (4.875% due 2036) = $750M.
• Net proceeds: approximately $745.5 million (after underwriters’ discount, before other expenses).
• Use of proceeds: repay outstanding debt (including the 3.700% and 4.500% Senior Notes due 2026) and general corporate purposes.
• Security and ranking: notes are unsecured senior obligations of TEGSA, fully and unconditionally guaranteed on a senior unsecured basis by TE Connectivity and TE Connectivity Switzerland Ltd.; they rank equally with TEGSA’s other senior debt.

Why It Matters

• The deal refinances near‑term maturities: proceeds will be used to repay 2026 notes, reducing near‑term debt maturities and extending the company’s debt schedule to 2031 and 2036.
• Cost of debt and cash flow: the new fixed coupons (4.500% and 4.875%) set the interest cost for these maturities and will affect future interest expense and cash interest payments.
• Credit position: the notes are senior unsecured and guaranteed by the parent and Swiss affiliate, so they sit alongside other senior debt in the company capital structure. Investors should note the incremental outstanding 2031 amount ($650M) and that the additional 2031 notes trade interchangeably with existing 2031 notes immediately upon settlement.