Amphenol Prices $7.5 Billion Debt Offering to Fund CommScope Acquisition
MT Newswires Live
Oct 28
Amphenol (APH) said Monday it has priced a $7.5 billion notes offering, comprising $500 million in floating rate senior notes due 2027 and fixed-rate senior notes maturing between 2027 and 2055.
The company said the notes would carry interest rates ranging from 3.80% to 5.30%.
Proceeds from the offering, set to close on Nov. 10, along with cash and borrowings under its credit facilities and commercial paper program, will be used to fund its pending acquisition of CommScope's Connectivity and Cable Solutions businesses and related expenses, the company said.
It added that the notes include a special mandatory redemption clause if the acquisition is not completed by the agreed date.
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