Amphenol Corporation Announces Pricing of Senior Notes Offering
02 Avril 2024 - 11:29PM
Business Wire
Amphenol Corporation (NYSE: APH) announced today the pricing of
its offering of $450 million aggregate principal amount of senior
notes due 2027 (the “2027 Notes”), $450 million aggregate principal
amount of senior notes due 2029 (the “2029 Notes”) and $600 million
aggregate principal amount of senior notes due 2034 (the “2034
Notes”, and together with the 2027 Notes and 2029 Notes, the
“Notes”). The 2027 Notes will have an interest rate of 5.050% per
annum, the 2029 Notes will have an interest rate of 5.050% per
annum, and the 2034 Notes will have an interest rate of 5.250% per
annum. The closing of the offering is expected to occur on April 5,
2024, subject to the satisfaction of customary closing
conditions.
The Company intends to use the net proceeds from the offering,
together with a combination of cash on hand and other debt
financing, to pay the cash consideration for the Company’s pending
acquisition of the Carlisle Interconnect Technologies business of
Carlisle Companies Incorporated (the “CIT Acquisition”), the
payment of fees and expenses related thereto and, to the extent
that the net proceeds from this offering are not used for such
purposes, for general corporate purposes.
Each series of the Notes are expected to be subject to a special
mandatory redemption (at a price equal to 101% of the principal
amount of such series of the Notes, plus accrued and unpaid
interest from the date of initial issuance, or the most recent date
to which interest has been paid or provided for, whichever is
later, to, but not including, the special mandatory redemption
date) under certain circumstances if the CIT Acquisition is not
consummated or is not consummated by an agreed upon date.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P.
Morgan Securities LLC and TD Securities (USA) LLC are serving as
the joint book-running managers for the offering of each series of
the Notes.
Each series of the Notes are being offered pursuant to the
Company’s effective shelf registration statement on file with the
Securities and Exchange Commission (the “SEC”). A prospectus
supplement describing the terms of this offering will be filed with
the SEC. Copies of the prospectus supplement and accompanying
prospectus for the offering may be obtained from BofA Securities,
Inc. toll-free at 1-800-294-1322, Citigroup Global Markets Inc.
toll-free at 1-800-831-9146, J.P. Morgan Securities LLC at
1-212-834-4533 and TD Securities (USA) LLC toll-free at
1-855-495-9846.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any series of the Notes, nor will
there be any sale of any series of the Notes, in any jurisdiction
in which such offer, solicitation or sale would be unlawful. Any
offer, solicitation or sale of any series of the Notes will be made
only by means of the prospectus supplement and the accompanying
prospectus.
About Amphenol Amphenol Corporation is one of the world’s
largest designers, manufacturers and marketers of electrical,
electronic and fiber optic connectors and interconnect systems,
antennas, sensors and sensor-based products and coaxial and
high-speed specialty cable. Amphenol designs, manufactures and
assembles its products at facilities in approximately 40 countries
around the world and sells its products through its own global
sales force, independent representatives and a global network of
electronics distributors. Amphenol has a diversified presence as a
leader in high-growth areas of the interconnect market including:
Automotive, Broadband Communications, Commercial Aerospace,
Defense, Industrial, Information Technology and Data
Communications, Mobile Devices and Mobile Networks. For more
information, visit www.amphenol.com.
Forward-Looking Statements Statements in this press
release which are other than historical facts are intended to be
“forward-looking statements” within the meaning of the Securities
Exchange Act of 1934, as amended, the Private Securities Litigation
Reform Act of 1995 and other related laws. While the Company
believes such statements are reasonable, the actual results and
effects could differ materially from those currently anticipated.
Details regarding various significant risks and uncertainties that
may affect our operating and financial performance can be found in
the Company’s latest Annual Report on Form 10-K and the Company’s
subsequent filings with the Securities and Exchange Commission,
including Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. In providing forward-looking statements, the Company is
not undertaking any duty or obligation to update these statements
publicly as a result of new information, future events or
otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240402757851/en/
Sherri Scribner Vice President, Strategy and Investor Relations
203-265-8820 IR@amphenol.com
Amphenol (NYSE:APH)
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