Tyco Electronics Group S.A. issues senior notes, which are fully and unconditionally guaranteed as to payment on an unsecured senior basis by its parent company, TE Connectivity Ltd. The company is based in Luxembourg. Tyco Electronics Group S.A. operates as a subsidiary of TE Connectivity Ltd.
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TE Connectivity Prices USD 350 Million Senior Notes Offering
Jan 27 16
TE Connectivity Ltd. subsidiary Tyco Electronics Group S.A. has priced an offering of USD 350 million aggregate principal amount of its 3.700% senior notes due 2026. The offer is being made pursuant to an effective registration statement filed by TE Connectivity and TEGSA on December 9, 2013. The USD 350 million senior notes due 2026 will be issued at a price of 99.757% and will have a stated interest rate of 3.700% per year, payable semi-annually. TE Connectivity intends to use the net proceeds of this offering for general corporate purposes.
Tyco Electronics Group S.A. Enters into Second Amendment to Its Revolving Credit Facility
Dec 9 15
TE Connectivity Ltd. announced that on December 9, 2015, the company entered into a second amendment to its revolving credit facility, dated as of June 24, 2011, as previously amended on August 2, 2013 by the first amendment, among the company, as guarantor, its wholly-owned subsidiary Tyco Electronics Group S.A. (TEGSA), as borrower, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent, to, among other things, reduce the interest rate margin if the rating of the Borrower's senior debt increases, extend the maturity date from August 2, 2018 to December 9, 2020 and increase the judgment default threshold from $55 million to $150 million. The Second Amendment also contains amendments to the representations and warranties and the use of proceeds covenant relating to anti-terrorism and sanctions laws, and contains amendments to reflect that Bank of America, N.A., has succeeded Deutsche Bank AG New York Branch as administrative agent under the Credit Agreement.
Tyco Electronics Group S.A. Announces Pricing of EUR 550 Million Senior Notes Offering
Feb 24 15
Tyco Electronics Group S.A. announced that it has priced an offering of EUR 550 million aggregate principal amount of its 1.100% senior notes due 2023. The offer is being made pursuant to an effective registration statement filed by TE Connectivity and TEGSA on December 9, 2013. The EUR 550 million senior notes due 2023 will be issued at a price of 99.680% and will have a stated interest rate of 1.100% per year, payable annually. TE Connectivity intends to use the net proceeds of this offering for general corporate purposes. BNP Paribas, Deutsche Bank AG, London Branch and Merrill Lynch International are joint book-running managers for this offering, which is expected to close on February 27, 2015.