TE Connectivity stock today: TEL edges up after $750 million notes deal, with CPI next
TE Connectivity (NYSE: TEL) shares saw a modest rise after the company's Tyco Electronics unit priced a $750 million senior notes offering. The stock's performance is influenced by interest rate expectations, with investors closely watching the upcoming U.S. January CPI report for further cues. TE Connectivity plans to use the net proceeds, approximately $745.5 million, to repay existing debt and fund general corporate purposes, while also focusing on growth areas like AI, energy grid hardening, and next-generation vehicles.
https://www.bez-kabli.pl/te-connectivity-stock-today-tel-edges-up-after-750-million-notes-deal-with-cpi-next/