AMETEK, Inc. (AME) Launches $2.3 Billion Commercial Paper Program

Enhancing Financial Flexibility for Strategic Growth Initiatives

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5 days ago
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On January 6, 2025, AMETEK, Inc. (AME, Financial) announced the establishment of a commercial paper program, allowing the company to issue short-term, unsecured commercial paper notes. This strategic move is designed to enhance AMETEK's financial flexibility, providing additional funding options for various purposes, including potential acquisitions.

The program permits AMETEK to issue notes with maturities of up to 364 days, with the total outstanding amount not exceeding $2.3 billion at any given time. The notes will rank equally with all other unsecured and unsubordinated debt of the company, ensuring a robust financial structure.

AMETEK plans to utilize its revolving credit facility as a liquidity backstop for the repayment of any outstanding notes, maintaining a combined indebtedness under both the revolving credit facility and the commercial paper program within the $2.3 billion limit.

While no notes are currently outstanding, AMETEK has engaged one or more commercial paper dealers to facilitate the issuance under the terms of respective dealer agreements. It is important to note that these notes have not been registered under the Securities Act or any state securities laws, and will only be offered or sold in compliance with applicable exemptions.

This development underscores AMETEK's commitment to maintaining financial agility and supporting its strategic growth initiatives through prudent financial management.

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