By Cristal Cody
Tupelo, Miss., March 29 – Amphenol Corp. raised $750 million in a two-part offering of senior notes (Baa1/BBB+) on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The company sold $400 million of 2.2% three-year notes at 99.922 to yield 2.227%, or Treasuries plus 70 basis points.
Amphenol priced $350 million of 3.2% seven-year notes at 99.888 to yield 3.218%, or Treasuries plus 100 bps.
Barclays, Citigroup Global Markets Inc., Wells Fargo Securities LLC, HSBC Securities (USA) Inc. and Mizuho Securities USA Inc. were the bookrunners.
Proceeds will be used to repay all $375 million of outstanding 1.55% notes due 2017 and for general corporate purposes.
The designer, manufacturer and marketer of electric, electronic and fiber optic components is based in Wallingford, Conn.
| Issuer: | Amphenol Corp.
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Wells Fargo Securities LLC, HSBC Securities (USA) Inc. and Mizuho Securities USA Inc.
|
| Co-managers: | Citizens Capital Markets, Inc., J.P. Morgan Securities LLC, MUFG and TD Securities (USA) LLC
|
| Trade date: | March 29
|
| Settlement date: | April 5
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | SEC registered
|
|
|
| Three-year notes
|
| Amount: | $400 million
|
| Maturity: | April 1, 2020
|
| Coupon: | 2.2%
|
| Price: | 99.922
|
| Yield: | 2.227%
|
| Spread: | Treasuries plus 70 bps
|
| Call feature: | Make-whole call at Treasuries plus 15 bps
|
|
|
| Seven-year notes
|
| Amount: | $350 million
|
| Maturity: | April 1, 2024
|
| Coupon: | 3.2%
|
| Price: | 99.888
|
| Yield: | 3.218%
|
| Spread: | Treasuries plus 100 bps
|
| Call features: | Make-whole call at Treasuries plus 15 bps before Feb. 1, 2024; thereafter at par
|
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