Summary
Amphenol Corporation (APH) announced on September 14, 2021, the successful issuance and sale of $750 million aggregate principal amount of 2.200% Senior Notes due 2031. The company received net proceeds of approximately $740.7 million from this offering, which were utilized to repay borrowings under its U.S. commercial paper program. This issuance represents a strategic move by Amphenol to refinance its short-term debt with longer-term, lower-cost financing. The senior notes are unsecured and rank equally with other unsecured senior indebtedness. The notes mature in 2031 and carry a fixed interest rate of 2.200%, payable semi-annually. Investors should note the early redemption options available to the company prior to maturity.
Key Highlights
- 1Issuance of $750 million in 2.200% Senior Notes due 2031.
- 2Net proceeds of approximately $740.7 million received from the offering.
- 3Proceeds are designated for repaying borrowings under the company's U.S. commercial paper program.
- 4Senior notes are unsecured, unsubordinated, and rank equally with other senior indebtedness.
- 5Maturity date for the notes is September 15, 2031.
- 6Company has the option to redeem the notes prior to maturity under specific conditions (make-whole premium or at par after a certain date).