Memphis, Tenn. — Thomas & Betts Corporation plans to offer and sell $125 million of senior, unsecured notes. It will use the net proceeds to repay certain outstanding indebtedness.
Thomas & Betts is a designer and manufacturer of connectors and components for electrical and communication markets. The company is also a producer of steel structures used primarily for utility transmission and industrial heating units. It has manufacturing, distribution and office facilities worldwide and in 2002 reported net sales of $1.3 billion.
For details about the company, visit www.tnb.com.