New Issue: Amphenol prices upsized $750 million 2.55% five-year notes at 100 bps spread

By Aleesia Forni

Virginia Beach, Jan. 23 - Amphenol Corp. priced an upsized $750 million five-year offering of 2.55% senior notes (Baa2/BBB/) with a spread of Treasuries plus 100 basis points, according to a syndicate source and an FWP filed with the Securities and Exchange Commission.

Pricing was at 99.846 to yield 2.583%.

Barclays, HSBC Securities (USA) Inc., Mitsubishi UFJ Securities (USA) Inc. and Wells Fargo Securities LLC ran the books.

Proceeds will be used to repay amounts under a revolving credit facility.

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

Issuer:	Amphenol Corp.
Amount:	$750 million, upsized from $500 million
Description:	Senior notes
Maturity:	2019
Bookrunners:	Barclays, HSBC Securities (USA) Inc., Wells Fargo Securities LLC, Mitsubishi UFJ Securities (USA) Inc.
Co-managers:	Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC, RBS Securities Inc.
Coupon:	2.55%
Price:	99.846
Yield:	2.583
Spread:	Treasuries plus 100 bps
Trade date:	Jan. 23
Settlement date:	Jan. 30
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB
Price guidance:	Treasuries plus 130 bps area
Make-whole call: Treasuries plus 15 bps prior to Dec. 30, 2018, then callable at par
Distribution:	Off shelf

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