debt
confidence high
sentiment neutral
materiality 0.75
Amphenol issues $1.5B senior notes (5.050%-5.375%) to fund CommScope deal
AMPHENOL CORP /DE/
- Issued $250M 5.050% notes due 2027 (additional), $750M 5.000% notes due 2035, $500M 5.375% notes due 2054.
- Net proceeds ~$1.477B; will be used with cash on hand for CommScope acquisition cash consideration and fees.
- If CommScope acquisition does not close, 2035 and 2054 notes subject to special mandatory redemption at 101% of principal plus accrued interest.
- Notes are unsecured, rank equally with existing unsecured senior debt; underwritten by Barclays, BNP Paribas, BofA, HSBC.