TE Connectivity plc entered into a Five-Year Senior Credit Agreement dated February 13, 2026, providing $3.0 billion in revolving credit commitments, replacing its prior $1.5 billion facility terminated concurrently without penalties. The new facility matures February 13, 2031, backs commercial paper borrowings, and includes a financial covenant limiting Consolidated Total Debt to Consolidated EBITDA at 3.75:1.0 (or 4.25:1.0 post-Qualified Acquisition).
Key takeaways
Entered $3,000,000,000 Five-Year Senior Credit Agreement on February 13, 2026
Replaces $1,500,000,000 existing facility terminated concurrently with no early termination penalties
Maturity February 13, 2031, extendable up to two additional one-year periods
Optional increase up to $1,000,000,000 aggregate commitments
Interest based on Term SOFR, ABR, EURIBOR, SONIA, or TIBOR plus applicable margin