Amphenol to sell senior notes due 2026 via seven bookrunners

By William Gullotti

Buffalo, N.Y., March 27 – Amphenol Corp. is preparing to offer a single tranche of fixed-rate senior notes due 2026, according to a 424B3 filing with the Securities and Exchange Commission.

The company must offer to repurchase the notes at 101 if a change-of-control repurchase event happens.

The notes have a make-whole call and a par call.

BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, Barclays, HSBC Securities (USA) Inc., Mizuho Securities USA LLC and TD Securities (USA) LLC are the joint bookrunning managers.

U.S. Bank Trust Co., NA is the trustee.

Latham & Watkins LLP is advising the issuer. Simpson Thacher & Bartlett LLP is counsel to the underwriters.

Proceeds will be used to repay borrowings under the company’s U.S. commercial paper program. As of Dec. 31, 2022, Amphenol had $632.8 million of the notes outstanding, with a volume weighted average interest rate of 4.69%.

The designer, manufacturer and marketer of electric, electronic and fiber optic components is based in Wallingford, Conn.

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