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Tyco Electronics eyes three-part sale of senior notes
By Aleesia Forni
Virginia Beach, July 28 – Tyco Electronics Group SA is expected to sell senior notes in three tranches, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be sold in a floating-rate tranche due 2016, as well as fixed-rate notes due 2019 and 2024.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, BNP Paribas Securities Corp. and Deutsche Bank Securities Inc. are the joint bookrunners.
Proceeds will be used for general corporate purposes, which may include funding a portion of the company’s merger with Measurement Specialties, Inc.
The notes will be fully and unconditionally guaranteed by TE Connectivity Ltd.
Tyco is a Luxembourg maker of electronic components.
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