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Form 8-K · Current Report · Filed 2024-04-25

TE Connectivity Ltd. Enters Second Amended and Restated Credit Agreement

On April 24, 2024, TE Connectivity Ltd. entered into a Second Amended and Restated Five-Year Senior Credit Agreement, with an aggregate revolving credit commitment of $1,500,000,000. The agreement, which extends the maturity date to April 24, 2029, permits the contemplated merger and change in jurisdiction of the Company, with TE Connectivity plc succeeding as parent guarantor. This Credit Agreement amends and restates the existing agreement, allowing for various financial services between the Company, its subsidiaries, and the lenders involved.

Filer
TE Connectivity Ltd. TEL · NYSE
Filed
Accession
0001104659-24-051328
CIK
0001385157
Signal
Medium impactTechnology

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$140.00

Next session

+0.2%

Since filing

+46.9%

Latest close

$205.69

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from TEL reporting the same item, with the next session's move:

Exhibits (1)

About TE Connectivity Ltd.

TE Connectivity Ltd. is a global technology company specializing in the design and manufacture of connectivity and sensor solutions. The company serves various industries, including automotive, aerospace, defense, medical technology, energy, data communications, and consumer electronics. TE Connectivity's primary function is to provide essential components and integrated solutions that enable reliable and robust electrical connections and data transfers in critical applications. Notable features of the company include its focus on innovation and sustainability, offering products like connectors, sensors, relays, and fiber optic equipment that improve efficiency and durability. Its products are fundamental in facilitating advancements in the Internet of Things (IoT), autonomous driving, renewable energy, and high-speed data applications. In the financial markets, TE Connectivity plays a significant role as a leader in the electronic components sector, known for its commitment to quality and cutting-edge technology. The company's operations extend globally, with a strong presence in both established and emerging markets, making it a vital link in the supply chains of some of the world's leading technology and industrial companies.

Exchange NYSE Industry Electronic Components Company website ↗

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