01—Abstract
Summary
Summary of the 8-K filed February 9, 2026. Cited figures are marked; the original filing is the authoritative source.
On February 9, 2026, TE Connectivity plc's wholly owned subsidiary, Tyco Electronics Group S.A.
(TEGSA), closed a $750 milliona senior notes offering. It issued $200 million of additional 4.500% Senior Notes due 2031, priced at 100.907%, and $550 million of new 4.875% Senior Notes due 2036, priced at 99.718%. The additional 2031 notes are fungible with the existing $450 million 2031 notes, bringing that series to $650 million outstanding.
Net proceeds were approximately $745.5 millionb before other expenses. The company plans to use the proceeds to repay outstanding debt, specifically the 3.700% Senior Notes due 2026 and the 4.500% Senior Notes due 2026, and for general corporate purposes. The filing does not state the principal amounts of those 2026 maturities.
Refinancing near-term debt and extending maturities to 2031 and 2036 reduces near-term refinancing risk. The new 4.875%c coupon on the 2036 notes is a modest cost of capital for an investment-grade industrial issuer, and the filing does not provide a rationale tied to a specific earnings or leverage target. The notes are unsecured senior obligations of TEGSA, fully and unconditionally guaranteed on an unsecured senior basis by TE Connectivity plc and TE Connectivity Switzerland Ltd. They rank equally with TEGSA's existing and future senior debt.
The offering was made under an effective Form S-3 shelf registration (No. 333-282440) and was priced under an underwriting agreement dated January 26, 2026. BNP Paribas, Citigroup, Deutsche Bank and Goldman Sachs acted as underwriters. The filing is administrative in nature and does not disclose new operating results or guidance.
02—Key points
Key Highlights
- TEGSA issued $750 million in total senior notes: $200 million of additional 4.500% notes due 2031 (priced at 100.907%) and $550 million of new 4.875% notes due 2036 (priced at 99.718%).
- Approximately $745.5 million in net proceeds (after underwriting discount, before other expenses) will repay the 3.700% and 4.500% Senior Notes due 2026, with the remainder for general corporate purposes.
- The 2031 notes now total $650 million outstanding after the fungible add-on, consolidating the series under one CUSIP.
- The notes are unsecured senior obligations fully and unconditionally guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd., ranking equally with existing and future senior debt.
- The offering extends the maturity profile to 2031 and 2036, reducing near-term refinancing needs related to the 2026 maturities.
- The offering was executed under an effective Form S-3 shelf registration (No. 333-282440) with BNP Paribas, Citigroup, Deutsche Bank and Goldman Sachs as underwriters.
- The filing contains no updated operating results, guidance, or earnings information; the Exhibit 99.1 press release contains only the pricing announcement and forward-looking statement disclaimers.
03—Questions
Frequently Asked Questions
Why did TE Connectivity issue these notes?
The company stated that the net proceeds will repay outstanding debt, including the 3.700% Senior Notes due 2026 and the 4.500% Senior Notes due 2026, with the balance used for general corporate purposes. The filing does not disclose the principal amounts of those 2026 notes or the company's broader leverage targets.
Who is the issuer, and who guarantees the notes?
The issuer is Tyco Electronics Group S.A. (TEGSA), a wholly owned subsidiary of TE Connectivity plc. The notes are fully and unconditionally guaranteed on an unsecured senior basis by TE Connectivity plc (the parent guarantor) and TE Connectivity Switzerland Ltd. (an additional guarantor).
What are the key terms and pricing of the new notes?
The additional 4.500% notes due 2031 ($200 million) were issued at 100.907% of par, and the new 4.875% notes due 2036 ($550 million) were issued at 99.718% of par. Both pay interest semi-annually. The 2031 add-on is fungible with the existing $450 million 2031 notes issued May 9, 2025, and shares the same CUSIP.
How do the notes rank relative to other company debt?
The notes are unsecured senior obligations of TEGSA that rank equally in right of payment with all of its existing and future senior debt and are senior to any subordinated indebtedness it may incur. The guarantees are also unsecured and senior.
Does this filing change TE Connectivity's financial outlook?
Not directly. The filing is a debt financing and refinancing disclosure under Item 8.01 and does not include new operating results, earnings, or guidance. For a view on the company's performance, investors should refer to its Form 10-K for the fiscal year ended September 26, 2025, and subsequent Form 10-Q filings.
04—Continue