TE Connectivity Issues New Senior Notes
Ticker: TEL · Form: 8-K · Filed: 2025-03-17T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing, material-definitive-agreement
TL;DR
TE Connectivity just dropped new 2029 and 2033 senior notes. Debt issuance incoming.
AI Summary
On March 14, 2025, TE Connectivity plc entered into a material definitive agreement related to financial obligations. The company has issued "Zero Percent Senior Notes due 2029" and "Three Percent Senior Notes due 2033", indicating new debt financing. This filing also includes financial statements and exhibits.
Why It Matters
TE Connectivity has secured new debt financing through the issuance of senior notes, which could impact its capital structure and future financial flexibility.
Risk Assessment
Risk Level: medium — The issuance of new debt can increase financial leverage and interest expenses, potentially impacting the company's financial health.
Key Players & Entities
- TE Connectivity plc (company) — Filer of the 8-K report
- March 14, 2025 (date) — Date of the earliest event reported
- Zero Percent Senior Notes due 2029 (dollar_amount) — New debt issuance
- Three Percent Senior Notes due 2033 (dollar_amount) — New debt issuance
FAQ
What is the aggregate principal amount of the "Zero Percent Senior Notes due 2029" and "Three Percent Senior Notes due 2033"?
The filing does not specify the aggregate principal amount for either the "Zero Percent Senior Notes due 2029" or the "Three Percent Senior Notes due 2033".
What are the specific terms and conditions of the "Zero Percent Senior Notes due 2029"?
While the filing indicates the issuance of "Zero Percent Senior Notes due 2029", the specific terms and conditions are not detailed in this 8-K summary.
What are the specific terms and conditions of the "Three Percent Senior Notes due 2033"?
While the filing indicates the issuance of "Three Percent Senior Notes due 2033", the specific terms and conditions are not detailed in this 8-K summary.
What is the purpose of issuing these new senior notes?
The filing does not explicitly state the purpose for issuing the "Zero Percent Senior Notes due 2029" and "Three Percent Senior Notes due 2033".
Are there any covenants or restrictions associated with these new debt obligations?
The filing mentions the creation of a direct financial obligation but does not provide details on any associated covenants or restrictions for the new senior notes.
From the Filing
0001104659-25-024458.txt : 20250317 0001104659-25-024458.hdr.sgml : 20250317 20250317163331 ACCESSION NUMBER: 0001104659-25-024458 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250314 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250317 DATE AS OF CHANGE: 20250317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TE Connectivity plc CENTRAL INDEX KEY: 0001385157 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 981779916 FISCAL YEAR END: 0926 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33260 FILM NUMBER: 25745042 BUSINESS ADDRESS: STREET 1: PARKMORE BUSINESS PARK WEST STREET 2: PARKMORE CITY: GALWAY STATE: L2 ZIP: H91VN2T BUSINESS PHONE: 353-91378040 MAIL ADDRESS: STREET 1: PARKMORE BUSINESS PARK WEST STREET 2: PARKMORE CITY: GALWAY STATE: L2 ZIP: H91VN2T FORMER COMPANY: FORMER CONFORMED NAME: TE Connectivity Ltd. DATE OF NAME CHANGE: 20110311 FORMER COMPANY: FORMER CONFORMED NAME: Tyco Electronics Ltd. DATE OF NAME CHANGE: 20070104 8-K 1 tm259426d1_8k.htm FORM 8-K false 0001385157 TEL 29 TEL 33 0001385157 2025-03-14 2025-03-14 0001385157 us-gaap:CommonStockMember 2025-03-14 2025-03-14 0001385157 tel:ZeroPercentSeniorNotesdue2029Member 2025-03-14 2025-03-14 0001385157 tel:ThreePercentSeniorNotesdue2033Member 2025-03-14 2025-03-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM  8-K   CURRENT REPORT Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934    Date of Report (Date of earliest event reported): March 14, 2025       TE CONNECTIVITY PLC (Exact name of registrant as specified in its charter)   Ireland   98-1779916 (Jurisdiction of Incorporation)   (IRS Employer Identification Number)   001-33260 (Commission File Number)   Parkmore Business Park West Parkmore , Ballybrit Galway ,  H91VN2T , Ireland (Address of Principal Executive Offices, including Zip Code)   + 353 91 378 040 (Registrant’s telephone number, including Area Code)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):   ¨       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading symbol   Name of each exchange on which registered Ordinary Shares, Par Value $0.01   TEL   New York Stock Exchange 0.00% Senior Notes due 2029 *   TEL/29   New York Stock Exchange 3.250% Senior Notes due 2033 *   TEL/33   New York Stock Exchange   * Issued by Tyco Electronics Group S.A., an indirect wholly-owned subsidiary of TE Connectivity plc   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule&#