8-KMaterial AgreementsFinancial EventsExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Material Agreement (Jul 11, 2018)

Filed July 11, 2018For Securities:APH

Summary

Amphenol Corporation has established a new Euro Commercial Paper (ECP) Program, allowing its indirect subsidiary, Amphenol Technologies Holding GmbH, to issue short-term unsecured commercial paper notes. This program, with a maximum aggregate principal amount of $2.0 billion, aims to provide flexible and cost-effective short-term financing for general corporate purposes. The ECP Notes will be issued outside the United States, with maturities not exceeding 183 days, and can be denominated in various currencies. Amphenol Corporation acts as the guarantor for these notes. This initiative is part of the company's strategy to manage its working capital and ensure liquidity, with the existing revolving credit facility available as a backstop for repayment if necessary.

Key Highlights

  • 1Amphenol Corporation has launched a Euro Commercial Paper (ECP) Program with a total capacity of up to $2.0 billion.
  • 2The ECP Program allows an indirect subsidiary, Amphenol Technologies Holding GmbH, to issue short-term unsecured commercial paper notes.
  • 3The net proceeds from the ECP Notes are intended for general corporate purposes, indicating flexibility in funding needs.
  • 4Maturities of the ECP Notes will not exceed 183 days, suggesting a focus on short-term working capital management.
  • 5The ECP Notes can be issued in various currencies, including Euros, Sterling, and Dollars, offering international funding flexibility.
  • 6Amphenol Corporation directly guarantees the ECP Notes, reinforcing the creditworthiness of the program.
  • 7The company's existing $2.0 billion revolving credit facility serves as a backstop for potential repayment of these ECP Notes.

Frequently Asked Questions

The primary purpose of the new Euro Commercial Paper (ECP) Program is to provide Amphenol Corporation with flexible and cost-effective short-term financing for general corporate purposes. This allows the company to manage its working capital needs efficiently.

The maximum aggregate principal amount of Euro Commercial Paper Notes outstanding under the ECP Program, combined with any outstanding U.S. commercial paper notes and similar programs, is capped at $2.0 billion at any given time.

The commercial paper notes, referred to as ECP Notes, will be issued by Amphenol Technologies Holding GmbH, which is a wholly owned indirect subsidiary of Amphenol Corporation. Amphenol Corporation itself acts as the guarantor for these notes.

The ECP Notes will be issued and sold outside of the United States pursuant to Regulation S under the Securities Act of 1933. They have not been and will not be registered under the Securities Act and may not be offered or sold within the U.S. or to U.S. persons, except in accordance with Regulation S.