Amphenol Corporation Announces Pricing of Senior Notes Offering
28 Ottobre 2024 - 11:11PM
Business Wire
Amphenol Corporation (NYSE: APH) announced today the pricing of
its offering of $250 million aggregate principal amount of senior
notes due 2027 (the “Additional 2027 Notes”), $750 million
aggregate principal amount of senior notes due 2035 (the “2035
Notes”) and $500 million aggregate principal amount of senior notes
due 2054 (the “2054 Notes”, and together with the Additional 2027
Notes and 2035 Notes, the “Notes”). The Additional 2027 Notes will
have an interest rate of 5.050% per annum, the 2035 Notes will have
an interest rate of 5.000% per annum, and the 2054 Notes will have
an interest rate of 5.375% per annum. The Additional 2027 Notes
constitute a further issuance of the Company’s 5.050% senior notes
due 2027, of which $450,000,000 aggregate principal amount was
issued on April 5, 2024 (the “Existing 2027 Notes”) and will form a
single series with, and have the same terms (other than the issue
date, the issue price and the first interest payment date) as the
Existing 2027 Notes. Upon settlement, the Additional 2027 Notes
will have the same CUSIP number and will trade interchangeably with
the Existing 2027 Notes. The closing of the offering is expected to
occur on October 31, 2024, subject to the satisfaction of customary
closing conditions.
The Company intends to use the net proceeds from the offering,
together with cash on hand, to pay the cash consideration for the
Company’s pending acquisition of CommScope’s (NASDAQ: COMM) mobile
networks businesses, specifically CommScope’s Outdoor Wireless
Networks and Distributed Antenna Systems businesses (the “CommScope
Acquisition”) and the payment of fees and expenses related to the
CommScope Acquisition, and, to the extent the CommScope Acquisition
does not close (after giving effect to a special mandatory
redemption of the 2035 Notes and the 2054 Notes as described
below), for general corporate purposes, including, but not limited
to, the repayment of the Company’s outstanding 2.050% senior notes
due 2025 at maturity.
The 2035 Notes and the 2054 Notes are expected to be subject to
a special mandatory redemption (at a price equal to 101% of the
principal amount of the 2035 Notes and the 2054 Notes, plus accrued
and unpaid interest from the date of initial issuance, or the most
recent date to which interest has been paid or provided for,
whichever is later, to, but not including, the special mandatory
redemption date) under certain circumstances if the CommScope
Acquisition is not consummated or is not consummated by an agreed
upon date. The Additional 2027 Notes are not subject to a special
mandatory redemption.
Barclays Capital Inc., BNP Paribas Securities Corp., BofA
Securities, Inc. and HSBC Securities (USA) Inc. are serving as the
joint book-running managers for the offering of each series of the
Notes.
Each series of the Notes are being offered pursuant to the
Company’s effective shelf registration statement on file with the
Securities and Exchange Commission (the “SEC”). A prospectus
supplement describing the terms of this offering will be filed with
the SEC. Copies of the prospectus supplement and accompanying
prospectus for the offering may be obtained from Barclays Capital
Inc. toll-free at 1-888-603-5847, BNP Paribas Securities Corp.
toll-free at 1-800-854-5674, BofA Securities, Inc. toll-free at
1-800-294-1322 and HSBC Securities (USA) Inc. toll-free at
1-866-811-8049.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any series of the Notes, nor will
there be any sale of any series of the Notes, in any jurisdiction
in which such offer, solicitation or sale would be unlawful. Any
offer, solicitation or sale of any series of the Notes will be made
only by means of the prospectus supplement and the accompanying
prospectus.
About Amphenol
Amphenol Corporation is one of the world’s largest designers,
manufacturers and marketers of electrical, electronic and fiber
optic connectors and 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 approximately 40 countries around the world 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, Defense, Industrial,
Information Technology and Data Communications, Mobile Devices and
Mobile Networks. For more information, visit www.amphenol.com.
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, as amended, 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. Details regarding various significant risks
and uncertainties that may affect our operating and financial
performance can be found in the Company’s latest Annual Report on
Form 10-K and the Company’s subsequent filings with the Securities
and Exchange Commission, including Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K. 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, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241028594723/en/
Sherri Scribner Vice President, Strategy and Investor Relations
203-265-8820 IR@amphenol.com
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