Loan & DebtMay 12, 2026, 04:19 PM
Amphenol Issues 1.1B Senior Notes Due 2029 & 2034
AI Summary
Amphenol Corporation issued and sold 1.1 billion in aggregate principal amount of senior notes, consisting of 600 million of 3.375% notes due 2029 and 500 million of 3.875% notes due 2034. The company received net proceeds of approximately 1,093.1 million from the offering. These proceeds will be used to repay existing borrowings under its commercial paper program and a term loan, as well as for general corporate purposes.
Key Highlights
- Issued 600,000,000 aggregate principal amount of 3.375% Senior Notes due 2029.
- Issued 500,000,000 aggregate principal amount of 3.875% Senior Notes due 2034.
- Received net proceeds of approximately 1,093.1 million from the offering.
- Proceeds will be used to repay borrowings under its U.S. commercial paper program and a term loan.
- Notes are unsecured senior obligations, ranking equally with other unsecured senior indebtedness.
- Interest on both series is payable annually on May 12, beginning May 12, 2027.
- The company may redeem the notes at its option, with make-whole premiums applicable for early redemption.
Price Impact
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