Amphenol Corporation (NYSE: APH) (the Company) announced the pricing of its offering of US$500 million aggregate principal amount of floating rate senior notes due 2027, US$750 million aggregate principal amount of senior notes due 2027, US$750 million aggregate principal amount of senior notes due 2028, US$1 billion aggregate principal amount of senior notes due 2030, US$1.25 billion aggregate principal amount of senior notes due 2033, US$1.6 billion aggregate principal amount of senior notes due 2036, and US$1.65 billion aggregate principal amount of senior notes due 2055. The floating rate notes will bear interest at a floating rate, reset quarterly, equal to Compounded SOFR, plus 0.53% per annum. The 2027 notes will have an interest rate of 3.800% per annum, the 2028 notes will have an interest rate of 3.900% per annum, the 2030 notes will have an interest rate of 4.125% per annum, the 2033 notes will have an interest rate of 4.400% per annum, the 2036 notes will have an interest rate of 4.625% per annum and the 2055 notes will have an interest rate of 5.300% per annum. The closing of the offering is expected to occur on November 10, 2025, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, borrowings under its three-year unsecured delayed draw term loan credit agreement and its 364-day unsecured delayed draw term loan credit agreement and/or borrowings under its US commercial paper program, to pay the cash consideration for the Company’s pending acquisition of CommScope Holding Company, Inc.’s Connectivity and Cable Solutions businesses, specifically the Data Center Connectivity Solutions business, the Broadband Communications business and the Building Connectivity Solutions business (the CCS Acquisition) and the payment of fees and expenses related to the CCS Acquisition.
Latham & Watkins LLP represents Amphenol Corporation in the offerings with a Capital Markets team led by partners Wes Holmes and Chuck Cassidy, with associates Concepcion Olivera and Wyatt Wisnosky and assistance from Lerato Cummings. Advice was also provided on tax matters by partner Rene de Vera, with associate Sam Yang.
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