Summary
This Form 8-K filing by Amphenol Corporation (APH) on July 8, 2013, details significant updates to its revolving credit facility. The company entered into a material definitive agreement, specifically a second amendment to its existing revolving credit facility, which was effective July 1, 2013. This amendment serves to enhance the company's financial flexibility and reduce borrowing costs. Key changes include an extension of the credit facility's maturity date from July 2016 to July 2018, providing a longer-term funding source. Furthermore, the aggregate commitments under the facility were increased by $500.0 million, raising the total facility size to $1.5 billion. These adjustments indicate a strategic move by Amphenol to optimize its capital structure and ensure robust access to liquidity.
Key Highlights
- 1Amphenol Corporation amended its revolving credit facility on July 1, 2013.
- 2The maturity date of the revolving credit facility was extended from July 2016 to July 2018.
- 3Aggregate commitments under the revolving credit facility were increased by $500.0 million.
- 4The total size of the revolving credit facility now stands at $1.5 billion.
- 5The amendment aims to reduce borrowing costs for the company.
- 6The filing was made on July 8, 2013, with the event date reported as July 7, 2013.