Amphenol Corporation (APH, Financial) has entered into an underwriting agreement for the issuance of $1.5 billion in senior notes, as announced on October 28, 2024. The agreement, made with Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc., and HSBC Securities (USA) Inc., outlines the offer and sale of three series of senior notes.
The offering includes $250 million of 5.050% Senior Notes due 2027, $750 million of 5.000% Senior Notes due 2035, and $500 million of 5.375% Senior Notes due 2054. The 2027 Notes are an additional issuance to the existing $450 million notes issued earlier this year, and they will form a single series with the same terms, except for the issue date, price, and first interest payment date.
The closing of this offering is anticipated to occur on October 31, 2024, pending customary closing conditions. This strategic move is expected to bolster Amphenol's financial flexibility and support its long-term growth initiatives.
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