TE Connectivity prices USD350m senior notes offering

TE Connectivity Ltd. (NYSE: TEL) subsidiary Tyco Electronics Group S.A. has priced an offering of USD350 million aggregate principal amount of its 3.700 percent 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 USD350 million senior notes due 2026 will be issued at a price of 99.757 percent and will have a stated interest rate of 3.700 percent per year, payable semi-annually.

TE Connectivity intends to use the net proceeds of this offering for general corporate purposes.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Goldman, Sachs & Co. are joint book-running managers for this offering, which is expected to close on January 28, 2016.

TE Connectivity (NYSE: TEL) is a USD12 billion global technology provider.