New Issue: Amphenol sells $400 million 2.05% five-year notes at 65 bps spread

By Cristal Cody

Tupelo, Miss., Feb. 13 – Amphenol Corp. priced $400 million of 2.05% five-year senior notes (Baa1/BBB+) at 99.829 to yield 2.086% on Thursday, according to a market source and an FWP filing with the Securities and Exchange Commission.

The notes priced at a spread of 65 basis points over Treasuries, tighter than guidance in the 70 bps area, plus or minus 3 bps, and initial talk in the 87.5 bps spread area.

BofA Securities, Inc., Mizuho Securities USA Inc., TD Securities (USA) LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities LLC were the bookrunners.

Proceeds will be used to repay the company’s 2.2% senior notes due 2020 at maturity.

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

Issuer:	Amphenol Corp.
Amount:	$400 million
Description:	Senior notes
Maturity:	March 1, 2025
Bookrunners:	BofA Securities, Inc., Mizuho Securities USA Inc., TD Securities (USA) LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities LLC
Co-managers:	Barclays, Commerz Markets LLC and U.S. Bancorp Investments, Inc.
Coupon:	2.05%
Price:	99.829
Yield:	2.086%
Spread:	Treasuries plus 65 bps
Call features:	Make-whole call at Treasuries plus 10 bps before Feb. 1, 2025; thereafter at par
Trade date:	Feb. 13
Settlement date:	Feb. 20
Ratings:	Moody’s: Baa1
	S&P: BBB+
Distribution:	SEC registered
Price guidance:	Treasuries plus 70 bps area, plus or minus 3 bps; initial talk at Treasuries plus 87.5 bps area

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