TE Connectivity Addresses Senior Notes Maturities

Ticker: TEL · Form: 8-K · Filed: 2025-02-12T00:00:00.000Z

Sentiment: neutral

Topics: debt-management, definitive-agreement, senior-notes

TL;DR

TE Connectivity is sorting out its 2025, 2029, and 2033 senior notes.

AI Summary

TE Connectivity plc announced on February 12, 2025, the entry into a material definitive agreement related to its senior notes. Specifically, the company is addressing its Zero Percent Senior Notes due 2025, Zero Percent Senior Notes due 2029, and Three Percent Senior Notes due 2033.

Why It Matters

This filing indicates TE Connectivity is proactively managing its upcoming debt obligations, which could impact its financial structure and investor confidence.

Risk Assessment

Risk Level: low — The filing pertains to routine debt management and does not indicate any immediate financial distress or significant new risks.

Key Players & Entities

FAQ

What specific action is TE Connectivity taking regarding its senior notes?

TE Connectivity has entered into a material definitive agreement concerning its Zero Percent Senior Notes due 2025, Zero Percent Senior Notes due 2029, and Three Percent Senior Notes due 2033.

What is the earliest event date reported in this 8-K filing?

The earliest event reported is February 11, 2025, with the report being filed on February 12, 2025.

What type of SEC filing is this?

This is a Form 8-K, a current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What are the previous names of TE Connectivity plc?

The company was formerly known as TE Connectivity Ltd. and prior to that, Tyco Electronics Ltd.

What is the primary SIC code for TE Connectivity plc?

The primary Standard Industrial Classification (SIC) code is 5065, for Wholesale-Electronic Parts & Equipment, NEC.

Filing Stats: 1,686 words · 7 min read · ~6 pages · Grade level 14.6 · Accepted 2025-02-12 06:50:33

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. On February 11, 2025, TE Connectivity plc ("TE Connectivity") entered into a Transaction Agreement (the "Transaction Agreement") with (i) TE Connectivity Corporation, a Pennsylvania corporation and an indirect wholly owned subsidiary of TE Connectivity ("Buyer"), (ii) Stella I LLC , a Delaware limited liability company and a wholly owned subsidiary of Buyer ("Merger Sub"), (iii) OCM Power V AIV Holdings (Delaware), L.P., a Delaware limited partnership ("Blocker V Seller"), (iv) OCM Power VI AIV Holdings (Delaware), L.P., a Delaware limited partnership ("Blocker VI Seller" and together with Blocker V Seller, the "Blocker Sellers"), (v) OCM Power V Relay CTB, LLC, a Delaware limited liability company ("Blocker V"), (vi) OCM Power VI Relay CTB, LLC, a Delaware limited liability company ("Blocker VI" and together with Blocker V, the "Blockers"), (vii) Relay Holding, LLC, a Delaware limited liability company ("Relay") and (viii) OCM Power VI AIV Holdings (Delaware), L.P., in its capacity as representative of Sellers (the "Sellers Representative"), pursuant to which a subsidiary of TE Connectivity will acquire the Richards Manufacturing business. TE Connectivity is party to the Transaction Agreement solely in its capacity as guarantor of certain of Buyer's obligations under the Transaction Agreement. Pursuant to the Transaction Agreement, among other things, (i) the Blocker Sellers will sell to Buyer, and Buyer will purchase from Blocker Sellers, all of the membership interests of each of the Blockers (the "Blocker Sale") and (ii) thereafter, Merger Sub will merge with and into Relay (the "Merger" and together with the Blocker Sale, the "Transaction"), with Relay being the surviving company ("Surviving Corporation"). After the consummation of the Transaction, the Surviving Corporation will be a wholly owned indirect subsidiary of TE Connectivity. The aggregate consideration for the Transaction is approximately $2.3

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On February 12, 2025, TE issued a press release announcing the execution of the Transaction Agreement. The press release is furnished as Exhibit 99.1 to this report and incorporated by reference in this Item 7.01. Additional investor information relating to the proposed acquisition is being furnished pursuant to Regulation FD as Exhibit 99.2 and is incorporated by reference in this Item 7.01, and also can be accessed at the "Investors" section of the Company's website (www.te.com).

01. Other Events

Item 8.01. Other Events The disclosure required by this item is included in Item 7.01 and is incorporated herein by reference. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This communication 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 communication include statements addressing our future financial condition and operating results; our ability to fund and consummate the Transaction, including the receipt of regulatory approvals; and our ability to realize projected financial impacts of and to integrate the acquisition. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we s

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press release issued February 12, 2025 99.2 Presentation dated February 12, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). The press release and presentation may contain hypertext links to information on TE Connectivity's website or Relay's website. The information on TE Connectivity's website and Relay's website is not incorporated by reference into this Current Report on Form 8-K and does not constitute a part of this Form 8-K.

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: February 12, 2025 TE CONNECTIVITY PLC By: /s/ Harold G. Barksdale Name: Harold G. Barksdale Title: Vice President and Corporate Secretary

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