8-KMaterial AgreementsFinancial EventsExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Material Agreement (Jan 10, 2019)

Filed January 10, 2019For Securities:APH

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.

Frequently Asked Questions

Amphenol Corporation issued these senior notes to raise capital to repay certain of its outstanding debt. This is a common corporate finance strategy to optimize the company's debt structure and potentially lower borrowing costs.

The new notes have a principal amount of $500 million, a fixed interest rate of 4.350% per annum, and mature on June 1, 2029. Interest payments are semi-annual.

The Notes are unsecured and unsubordinated, meaning they rank equally with other unsecured and unsubordinated debt of Amphenol. Investors should consider the company's overall financial health and creditworthiness when assessing the risk.

Yes, Amphenol has the option to redeem the Notes prior to maturity. Prior to March 1, 2029, redemption may occur at 100% of the principal amount plus accrued interest and a 'make-whole' premium. On or after March 1, 2029, redemption can be at 100% of the principal amount plus accrued interest.