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WALLINGFORD, Conn. - Amphenol Corporation (NYSE: APH) announced today it has priced €600 million of senior notes due 2032 with an interest rate of 3.125% per annum. The offering is expected to close on June 16, 2025, subject to customary closing conditions. The company maintains a strong balance sheet with a current ratio of 1.99x and operates with moderate debt levels, according to InvestingPro data.
The company previously priced $750 million of 4.375% senior notes due 2028 on June 9, with that offering expected to close on June 12. Neither offering is contingent on the completion of the other.
Amphenol plans to use proceeds from both offerings to repay borrowings under its U.S. commercial paper program and for general corporate purposes, according to the press release statement.
BNP PARIBAS, Citigroup Global Markets Limited and Commerzbank Aktiengesellschaft are serving as joint book-running managers for the Euro Notes offering.
The Euro Notes are being offered through the company’s effective shelf registration statement filed with the Securities and Exchange Commission. The offering is not available to retail investors in the European Economic Area or the United Kingdom.
Amphenol Corporation designs, manufactures and markets electrical and electronic connectors, interconnect systems, antennas, sensors and specialty cables. The company operates facilities in approximately 40 countries worldwide and serves various markets including automotive, commercial aerospace, communications networks, defense, industrial, and information technology. For detailed insights into Amphenol’s financial health, growth prospects, and over 20 additional ProTips, visit InvestingPro, where you can access comprehensive research reports and expert analysis.
In other recent news, Amphenol Corporation announced the pricing of its $750 million senior notes offering, which will carry an interest rate of 4.375% per annum and is set to close on June 12, 2025. The proceeds from this offering are intended to repay borrowings under the company’s U.S. commercial paper program and for general corporate purposes. In analyst updates, Evercore ISI raised its price target for Amphenol to $105, citing the company’s strong performance and growth potential, while UBS increased its target to $106, maintaining a Buy rating due to positive earnings projections and growth prospects. Truist Securities also reiterated a Buy rating with a $102 price target, following Amphenol’s impressive first-quarter performance that exceeded expectations in sales, margins, and earnings per share. Additionally, Amphenol declared a second-quarter 2025 dividend of $0.165 per share, payable on July 9, 2025, to shareholders on record by June 17, 2025. These developments highlight Amphenol’s ongoing efforts to strengthen its financial position and provide returns to its shareholders.
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