Amphenol to sell three-part senior notes offering via four bookrunners

By Mary-Katherine Stinson and Cristal Cody

Lexington, Ky., April 2 – Amphenol Corp. is preparing to offer three tranches of fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The company held fixed-income investor calls on Monday, according to a source.

Call protection includes a make-whole call period and a par call period.

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

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC are the joint bookrunners.

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, together with a combination of cash on hand and other debt financing, will be used to pay the cash consideration for Amphenol’s acquisition of Carlisle Cos., Inc.’s business Carlisle Interconnect Technologies with any remaining proceeds used for general corporate purposes.

In addition, each series of the notes will be subject to a special mandatory redemption at 101 if the acquisition is not completed by the later of the outside date of Jan. 30, 2025, or five business days after any agreed-upon extension of the outside date.

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

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