Summary
Amphenol Corporation (APH) has entered into a Third Amended and Restated Credit Agreement, significantly increasing its unsecured revolving credit facility from $2.5 billion to $3.0 billion, with a maturity extended to March 2029. This move enhances the company's financial flexibility, providing ample resources for general corporate purposes. Concurrently, Amphenol has also increased its U.S. commercial paper program by $500 million, bringing the total capacity to $3.0 billion, which aligns with the expanded revolving credit facility. The company has elected not to use the extended transition period for new or revised financial accounting standards.
Key Highlights
- 1Increased unsecured revolving credit facility to $3.0 billion from $2.5 billion.
- 2Extended maturity date of the revolving credit facility to March 2029.
- 3Commercial paper program capacity increased by $500 million to $3.0 billion.
- 4Both the credit facility and commercial paper program are for general corporate purposes.
- 5The revolving credit facility was undrawn at the time of the agreement.
- 6The company is an emerging growth company but has elected not to use the extended transition period for accounting standards.