TE Connectivity Secures $3 Billion Five-Year Revolving Credit Facility

Reuters
Yesterday
TE Connectivity Secures $3 Billion Five-Year Revolving Credit Facility

TE Connectivity plc has entered into a new five-year senior credit agreement with a consortium of lenders and Bank of America, N.A. as administrative agent. The agreement provides a $3 billion revolving credit facility, replacing the company’s previous $1.5 billion facility. The new facility, which matures on February 13, 2031, can be extended for up to two additional years and increased by up to $1 billion. The facility will support TE Connectivity’s commercial paper program. No early termination penalties were incurred upon ending the prior agreement.

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