[March 29, 2017] |
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Amphenol Corporation Announces Pricing of $750 Million of Senior Notes
Amphenol (News - Alert) 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. Whenavailable, 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 (News - Alert) 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 (News - Alert),
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170329006185/en/
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