New Issue: Amphenol prices $500 million 4.35% 10-year senior notes at 168 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Jan. 7 – Amphenol Corp. priced $500 million of 4.35% 10-year senior notes (Baa1/BBB+) at 99.904 to yield 4.362% on Monday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at a spread of 168 basis points over Treasuries.

Barclays, J.P. Morgan Securities LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Commerz Markets LLC, MUFG and TD Securities (USA) LLC were the bookrunners.

Proceeds will be used to repay debt, which may include the company’s $750 million of 2.55% senior notes due 2019.

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

Issuer:	Amphenol Corp.
Amount:	$500 million
Description:	Senior notes
Maturity:	June 1, 2029
Bookrunners:	Barclays, J.P. Morgan Securities LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Commerz Markets LLC, MUFG and TD Securities (USA) LLC
Co-managers:	BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Loop Capital Markets LLC, Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc.
Coupon:	4.35%
Price:	99.904
Yield:	4.362%
Spread:	Treasuries plus 168 bps
Call features:	Make-whole call at Treasuries plus 25 bps before March 1, 2029; thereafter at par
Trade date:	Jan. 7
Settlement date:	Jan. 9
Ratings:	Moody’s: Baa1
	S&P: BBB+
Distribution:	SEC registered

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.