Tyco Electronics Announces Expiration of Offers to Purchase

Jan 24, 2011

SCHAFFHAUSEN, Switzerland, Jan. 24, 2011 /PRNewswire/ -- Tyco Electronics Ltd. (NYSE: TEL) announced today that the offers to purchase by its wholly-owned subsidiary, ADC Telecommunications, Inc. ("ADC"), for its floating rate convertible subordinated notes due 2013 (the "Floating Rate Notes"), its 3.50% convertible subordinated notes due 2015 (the "2015 Notes") and its 3.50% convertible subordinated notes due 2017 (the "2017 Notes" and together with the Floating Rate Notes and the 2015 Notes, the "Notes") expired on January 21, 2011, at 5:00 p.m., New York City time.  The aggregate principal amount of each series validly tendered is set forth in the table below.

CUSIP Numbers

Title of Security

Principal Amount Tendered

000886AA9 and 000886AB7

Floating Rate Notes



2015 Notes



2017 Notes


ADC has accepted all validly tendered Notes for payment and expects to pay the purchase price, together with accrued and unpaid interest, on all tendered Notes on January 24, 2011.  

This release is neither an offer to purchase nor a solicitation of an offer to sell any Notes.  The offers to purchase were made, with respect to the Floating Rate Notes, pursuant to the Notice of Change in Control and Offer to Purchase dated December 13, 2010 and with respect to the 2015 Notes and 2017 Notes, pursuant to the Notice of Fundamental Change and Offer to Purchase dated December 13, 2010.  Persons with questions regarding the offers to purchase should contact the paying agent for the Notes, U.S. Bank National Association, at (800) 934-6802.


Tyco Electronics Ltd. is a global technology company with fiscal 2010 sales of US$12.1 billion to customers in more than 150 countries. We design, manufacture and market products for customers in a broad array of industries including automotive; data communication systems; consumer electronics; telecommunications; aerospace, defense and marine; medical; energy; and lighting. With approximately 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, we are a recognized leader in many of the industries we serve. More information on TE can be found at www.te.com.

SOURCE Tyco Electronics Ltd.