Summary
Amphenol Corporation (APH) announced the successful issuance and sale of $500 million in aggregate principal amount of 4.350% Senior Notes due 2029. This offering was conducted as an underwritten public offering, with net proceeds of approximately $495 million expected after deducting underwriting discounts and expenses. The company intends to utilize these funds to repay existing outstanding debt. The issuance of these unsecured, unsubordinated senior notes provides Amphenol with long-term financing. The notes carry a fixed interest rate of 4.350% and mature on June 1, 2029. Investors should note the redemption options available to Amphenol, including a make-whole premium prior to March 1, 2029, and a redemption at par on or after that date.
Key Highlights
- 1Amphenol Corporation issued $500 million in 4.350% Senior Notes due 2029.
- 2Net proceeds from the offering are approximately $495 million.
- 3The company plans to use the proceeds to repay outstanding debt.
- 4The Notes are unsecured, unsubordinated senior indebtedness.
- 5Interest is payable semi-annually at a fixed rate of 4.350% per year.
- 6The Notes mature on June 1, 2029.
- 7Amphenol has the option to redeem the Notes prior to maturity, subject to specific conditions and premiums.