Amphenol Corporation Announces Pricing of $750 Million of Senior Notes
March 29 2017 - 4:39PM
Business Wire
Amphenol Corporation (NYSE:APH) announced today the pricing of
its offering of $400 million Senior Notes due 2020 (the “2020
Notes”) and $350 million Senior Notes due 2024 (the “2024 Notes”
and together with the 2020 Notes, the “Notes”). The 2020 Notes will
have an interest rate of 2.200% and the 2024 Notes will have an
interest rate of 3.200% per annum. The 2020 Notes are being issued
at a price equal to 99.922% of their face value and the 2024 Notes
are being issued at a price equal to 99.888% of their face value.
The closing of the offering is expected to occur on April 5, 2017,
subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds of this offering to
repay when due all of its outstanding $375 million 1.550% Senior
Notes due September 15, 2017 and for general corporate purposes.
Prior to September 15, 2017 the Company intends to use the proceeds
of this offering to repay amounts outstanding under its commercial
paper program. Barclays Capital Inc., Citigroup Global Markets Inc.
and Wells Fargo Securities, LLC are acting as joint book-running
managers for the offering.
The Notes are being offered pursuant to the Company’s effective
shelf registration statement on file with the Securities and
Exchange Commission. A prospectus supplement and accompanying
prospectus describing the terms of this offering will be filed with
the Securities and Exchange Commission. When available, copies of
the prospectus supplement and accompanying prospectus for the
offering may be obtained from Barclays Capital Inc. toll-free
1-888-603-5847, Citigroup Global Markets Inc. toll-free at
1-800-831-9146 or Wells Fargo Securities, LLC toll-free at
1-800-645-3751.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor will there be
any sale of the Notes, in any jurisdiction in which such offer,
solicitation or sale would be unlawful. Any offer, solicitation or
sale of the Notes will be made only by means of the prospectus
supplement and the accompanying prospectus.
This press release contains information about pending
transactions, and there can be no assurance that these transactions
will be completed.
About Amphenol Corporation
Amphenol Corporation is one of the world’s largest designers,
manufacturers and marketers of electrical, electronic and fiber
optic connectors, interconnect systems, antennas, sensors and
sensor-based products and coaxial and high-speed specialty cable.
Amphenol designs, manufactures and assembles its products at
facilities in the Americas, Europe, Asia, Australia and Africa and
sells its products through its own global sales force, independent
representatives and a global network of electronics distributors.
Amphenol has a diversified presence as a leader in high growth
areas of the interconnect market including: Automotive, Broadband
Communications, Commercial
Aerospace, Industrial, Information Technology and Data
Communications, Military, Mobile Devices and Mobile Networks.
Forward-Looking Statements
Statements in this press release which are other than historical
facts are intended to be “forward-looking statements” within the
meaning of the Securities Exchange Act of 1934, the Private
Securities Litigation Reform Act of 1995 and other related laws.
While the Company believes such statements are reasonable, the
actual results and effects could differ materially from those
currently anticipated. Please refer to Part I, Item 1A of
the Company’s Form 10-K for the year ended December 31,
2016, for some factors that could cause the actual results to
differ from estimates. In providing forward-looking statements, the
Company is not undertaking any duty or obligation to update these
statements publicly as a result of new information, future events
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170329006185/en/
Amphenol CorporationCraig A. Lampo, 203-265-8625Senior Vice
President and Chief Financial Officerwww.amphenol.com
Amphenol (NYSE:APH)
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