TE Connectivity Enters Material Definitive Agreement

TL;DR

TE Connectivity just signed a big deal, creating a new financial obligation. Details TBD.

AI Summary

On April 24, 2024, TE Connectivity Ltd. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the agreement, but it is classified as a creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

Why It Matters

This filing indicates a significant financial commitment or obligation for TE Connectivity, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a material definitive agreement and a direct financial obligation can introduce new financial risks or commitments for the company.

Key Players & Entities

• TE Connectivity Ltd. (company) — Registrant
• April 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1,500,000,000 — commitments in the aggregate amount of $1,500,000,000. The Credit Agreement amends and resta

Filing Documents

• tm2412559d1_8k.htm (8-K) — 30KB
• tm2412559d1_ex10-1.htm (EX-10.1) — 791KB
• tm2412559d1_8kimg002.jpg (GRAPHIC) — 4KB
• 0001104659-24-051328.txt ( ) — 1165KB
• tel-20240424.xsd (EX-101.SCH) — 3KB
• tel-20240424_lab.xml (EX-101.LAB) — 33KB
• tel-20240424_pre.xml (EX-101.PRE) — 22KB
• tm2412559d1_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On April 24, 2024, TE Connectivity Ltd. (the "Company") entered into a Second Amended and Restated Five-Year Senior Credit Agreement (the "Credit Agreement"), by and among the Company, as parent guarantor, its wholly-owned subsidiary, Tyco Electronics Group S.A. ("TEGSA"), as borrower, the lenders party thereto (the "Lenders") and Bank of America, N.A., as administrative agent, which amends and restates the Five-Year Senior Amended and Restated Credit Agreement, dated as of November 14, 2018 (as amended by the First Amendment to Credit Agreement dated as of June 1, 2021 and the Second Amendment to Credit Agreement dated as of October 14, 2022, the " Existing Credit Agreement "), by and among the Company, as parent guarantor, TEGSA, as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent, and which provides for revolving credit commitments in the aggregate amount of $1,500,000,000. The Credit Agreement amends and restates the Existing Credit Agreement to, among other things, (i) permit the contemplated merger and change in jurisdiction of incorporation of the Company, including to permit, on and after the effectiveness of such contemplated merger and change in jurisdiction of the Company, (1) TE Connectivity plc to succeed the Company as parent guarantor under the Credit Agreement and (2) TE Connectivity Switzerland Ltd. to join the Credit Agreement as the intermediate guarantor thereunder and (ii) extend the maturity date from June 1, 2026 to April 24, 2029. In the ordinary course of their respective businesses, one or more of the Lenders, or their affiliates, have or may have various relationships with the Company and its subsidiaries involving the provision of a variety of financial services, including cash management, commercial banking, investment banking, advisory or other financial services, for which they received, or will receive, customary fees and expenses. In addit

03 Creation of a Direct Financial

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant See the disclosure contained in Item 1.01 above, which is incorporated herein by reference. 2

01. Financial

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Second Amended and Restated Five-Year Senior Credit Agreement, dated as of April 24, 2024 by and among Tyco Electronics Group S.A., as borrower, TE Connectivity Ltd., as parent guarantor, the lenders party thereto and Bank of America, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 24, 2024 TE CONNECTIVITY LTD. By: /s/ Harold G. Barksdale Name: Harold G. Barksdale Title: Vice President and Corporate Secretary 4