TotalEnergies Subsidiary Prices $3.5 Billion in Guaranteed Notes
TTE sits 19% above its 52-week low of $52.78.
Summary
TotalEnergies Capital USA, LLC, a wholly-owned subsidiary of TotalEnergies SE, priced a $3.5 billion offering of guaranteed notes with maturities ranging from 2031 to 2036.
Key Events · Financing and Capital Events · TTE
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Debt Offering Priced
TotalEnergies Capital USA, LLC, a wholly-owned subsidiary, priced a $3.5 billion offering of guaranteed notes.
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Tranche Details
The offering includes $1.5 billion of 4.248% notes due 2031, $1.25 billion of 4.569% notes due 2033, and $750 million of 4.857% notes due 2036.
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Parent Company Guarantee
Payment of principal and interest on the notes is guaranteed by TotalEnergies SE on an unsecured, unsubordinated basis.
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Investment Grade Ratings
The notes received strong investment-grade ratings of Aa3 from Moody's and A+ from Standard & Poor's.
Analysis · TTE · Energy & Transportation
This substantial debt offering provides TotalEnergies SE with significant capital, reinforcing its financial flexibility and ability to fund ongoing operations, investments, or refinance existing debt. The investment-grade ratings for the notes reflect the company's strong credit profile and access to capital markets, indicating a robust financial position.
At the time of this filing, TTE was trading at $62.86 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $136.8B. The 52-week trading range was $52.78 to $66.92. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.