debt
confidence high
sentiment neutral
materiality 0.75
Amphenol prices $1.5B senior notes offering to fund CommScope acquisition
AMPHENOL CORP /DE/
- $250M 5.050% notes due 2027, $750M 5.000% notes due 2035, $500M 5.375% notes due 2054.
- Proceeds, with cash on hand, to fund the pending acquisition of CommScope's Outdoor Wireless Networks and DAS businesses.
- 2035 and 2054 notes subject to special mandatory redemption at 101% if CommScope deal does not close.
- Closing of offering expected Oct 31, 2024; additional 2027 notes will trade interchangeably with existing $450M 5.050% notes.