8-KOther EventsExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Corporate Update (Oct 2, 2018)

Filed October 2, 2018For Securities:APH

Summary

Amphenol Corporation (APH) filed an 8-K on October 1, 2018, to report on a significant financing event. A wholly-owned subsidiary, Amphenol Technologies Holding GmbH, entered into a purchase agreement for the issuance of €500 million in 2.000% Senior Notes due 2028. This offering was facilitated by certain initial purchasers, with Amphenol Corporation acting as guarantor for the debt. The primary purpose of this filing is to inform investors about the company's decision to raise substantial debt capital. The issuance of these notes indicates Amphenol's strategy to secure long-term funding, potentially for general corporate purposes, acquisitions, or to refinance existing debt. Investors should note the specific interest rate and maturity date, which are key terms impacting the company's future financial obligations and cost of capital.

Key Highlights

  • 1Amphenol's subsidiary, Amphenol Technologies Holding GmbH, issued €500 million in Senior Notes due 2028.
  • 2The Senior Notes carry a coupon rate of 2.000%.
  • 3Amphenol Corporation is acting as the guarantor for this debt issuance.
  • 4The financing was executed on October 1, 2018, with an event date of September 30, 2018.
  • 5The company issued a press release on October 1, 2018, to announce the pricing of these notes.
  • 6This 8-K filing primarily serves to disclose this material debt financing event.

Frequently Asked Questions

This 8-K filing is primarily to disclose a material event: the issuance of €500 million in Senior Notes due 2028 by Amphenol's subsidiary, Amphenol Technologies Holding GmbH, with Amphenol Corporation acting as guarantor.

Amphenol is raising €500 million through the issuance of 2.000% Senior Notes due 2028. This means the debt matures in 2028 and carries an annual interest rate of 2.000%.

When Amphenol Corporation acts as a guarantor, it means the parent company is legally obligated to ensure the debt is repaid if the subsidiary (Amphenol Technologies Holding GmbH) fails to do so. This provides additional security to the noteholders and reflects the parent company's commitment to this debt.

While not explicitly stated in this 8-K, proceeds from such debt issuances are typically used for general corporate purposes, which can include funding acquisitions, capital expenditures, refinancing existing debt, or supporting working capital needs.