8-KMaterial AgreementsExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Material Agreement (May 27, 2010)

Filed May 27, 2010For Securities:APH

Summary

This 8-K filing from Amphenol Corporation on May 27, 2010, details an amendment to a material definitive agreement. Specifically, the company amended its Receivables Purchase Agreement, originally dated July 31, 2006. The key change involves an extension of Crédit Agricole Corporate and Investment Bank's commitment as a Related Committed Purchaser. The extension of Crédit Agricole's commitment under the Receivables Purchase Agreement to May 24, 2011, is a positive development for Amphenol. This indicates continued access to financing or liquidity through its securitization program, which is crucial for ongoing operational flexibility and funding of receivables. Investors should view this as a signal of stable financial support from a key financial institution.

Key Highlights

  • 1Amphenol Corporation amended its Receivables Purchase Agreement on May 25, 2010.
  • 2Crédit Agricole Corporate and Investment Bank New York Branch extended its commitment under the agreement.
  • 3The extension is through May 24, 2011.
  • 4The amendment pertains to Amphenol's securitization of its receivables.
  • 5This action signals continued access to a financing facility.
  • 6The filing provides details of the amendment and the original agreement as exhibits.

Frequently Asked Questions

The primary purpose of this filing is to announce an amendment to Amphenol Corporation's existing Receivables Purchase Agreement, specifically extending the commitment of Crédit Agricole Corporate and Investment Bank.

The extension demonstrates continued financial support and access to a liquidity facility through the securitization of receivables. This is generally positive for investor confidence, indicating stable funding arrangements for the company's operations.

A Receivables Purchase Agreement, in this context, is a financial arrangement where Amphenol Corporation (or its subsidiary) sells its accounts receivable to another entity (Amphenol Funding Corp., which then likely sells them to a securitization vehicle like Atlantic Asset Securitization LLC) to obtain immediate funding. Crédit Agricole acts as a committed purchaser or financier in this process.

The filing primarily announces the extension of the commitment period. It does not explicitly detail changes to the financial terms or the size of the facility itself, focusing instead on the duration of the agreement.