TE Connectivity signs $1.5 billion 364-day credit facility backing commercial paper
TE Connectivity plc entered into a 364-day senior credit agreement dated March 14, 2025, providing $1.5 billion of revolving credit commitments through Bank of America, N.A., as administrative agent. The facility will back borrowings under the company's commercial paper program and matures March 13, 2026, with a one-year term-out option at the borrower's election.
Key points
- Revolving credit commitments total $1,500,000,000; borrower is subsidiary Tyco Electronics Group S.A.
- Annual facility fee ranges from 3.0 to 9.0 basis points of commitments, based on TEGSA's credit ratings
- Financial covenant: Event of Default if Consolidated Total Debt to Consolidated EBITDA exceeds 3.75 to 1.0 at any fiscal quarter end
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 17, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.