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TE Connectivity (TEL) Enters New $3 Billion Credit Agreement
TE Connectivity plc (TEL) has secured a new Five-Year Senior Credit Agreement worth $3 billion, replacing a previous $1.5 billion facility. This strategic financial move provides increased flexibility for the company, supporting its commercial paper program, and includes customary covenants and options for extension. The agreement ultimately aims to bolster TE Connectivity’s financial stability and growth in a competitive market.