Techtronic Industries Company Limited (TTI) announced that on 18 May 2026 it completed an update of its existing medium-term note (MTN) programme, maintaining the maximum aggregate issuance size at U.S.$500.00 million (or equivalent in other currencies). Notes will be offered exclusively outside the United States under Regulation S of the U.S. Securities Act of 1933.
Citigroup Global Markets Limited and The Hongkong and Shanghai Banking Corporation Limited have been appointed joint arrangers, with a syndicate of 10 dealers—including ANZ, BNP Paribas, BOCI Asia, Merrill Lynch (Asia Pacific), Mizuho Securities Asia, MUFG Securities EMEA, Standard Chartered Bank and UBS AG Hong Kong Branch—able to arrange drawdowns on a several (not joint) basis under an amended and restated dealer agreement signed on the same date.
The company has applied to list the programme on The Stock Exchange of Hong Kong Limited for debt issues to professional investors within 12 months from 18 May 2026. Individual series or tranches may also be issued as unlisted notes or listed on other recognised exchanges, subject to the terms set out in the relevant pricing supplements.
Net proceeds from any future note issues are earmarked for refinancing existing indebtedness and general corporate purposes, with specific use-of-funds details to be disclosed in the applicable pricing supplement.
Management emphasised that any drawdown remains subject to market conditions and funding requirements; consequently, there is no certainty regarding the timing, size or occurrence of issuances under the programme.
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