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Published on 9/4/2019 in the Prospect News Investment Grade Daily.

New Issue: Amphenol prices $900 million 2.8% notes due 2030 at 135 bps spread

Chicago, Sept. 4 – Amphenol Corp. priced $900 million of 2.8% notes (Baa1/BBB+) due Feb. 15, 2030 at 99.92 to yield 2.809% on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at a spread of 135 basis points over Treasuries.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG, Commerz Markets LLC, HSBC Securities (USA) Inc., Mizuho Securities USA LLC and TD Securities (USA) LLC were the bookrunners.

Proceeds will be used for cash tender offers for the company’s $375 million of 3.125% senior notes due 2021 and its $500 million of 4% senior notes due 2022 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:$900 million
Description:Notes
Maturity:Feb. 15, 2030
Bookrunners:Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG, Commerz Markets LLC, HSBC Securities (USA) Inc., Mizuho Securities USA LLC and TD Securities (USA) LLC
Co-managers:Barclays, BNP Paribas Securities Corp., BofA Securities, Inc., Williams Capital Group, LP, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC
Coupon:2.8%
Price:99.92
Yield:2.809%
Spread:Treasuries plus 135 bps
Call features:Make-whole call at Treasuries plus 25 bps before Nov. 15, 2029; thereafter at par
Trade date:Sept. 4
Settlement date:Sept. 10
Ratings:Moody’s: Baa1
S&P: BBB+
Distribution:SEC registered

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