Amphenol sets pricing for $750 million senior notes offering

WALLINGFORD, Conn. - Amphenol Corporation (NYSE: APH), a leading global provider of high-technology interconnect, antenna and sensor solutions, has announced the pricing of its $750 million senior notes offering, set to close on June 12, 2025. The notes will carry an interest rate of 4.375% per annum. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 1.99, indicating strong liquidity, and operates with a moderate level of debt.

The offering comes as part of Amphenol’s capital raising strategy, with the proceeds earmarked for repaying borrowings under its U.S. commercial paper program and for general corporate purposes. The senior notes due 2028, also referred to as USD Notes, are not conditioned upon the completion of a separate, forthcoming euro-denominated notes offering. With a market capitalization of $112.47 billion and strong financial metrics, InvestingPro analysis reveals over 20 additional insights about Amphenol’s financial health and market position.

Citigroup Global Markets Inc., Mizuho Securities USA LLC, and TD Securities (USA) LLC are the joint book-running managers for the USD Notes Offering. These notes are being offered under Amphenol’s effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC). Prospective buyers can obtain copies of the prospectus supplement and the accompanying prospectus by contacting the respective managing firms.

The announcement also highlighted that the USD Notes Offering is not contingent on the success of the planned Euro Notes Offering. This indicates a strategic approach by Amphenol to independently secure financing across different currency markets.

Amphenol’s extensive portfolio includes designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors, interconnect systems, antennas, sensors, and specialty cables. The company operates across approximately 40 countries and caters to various high-growth sectors such as automotive, aerospace, communications, defense, industrial, and IT. The company has demonstrated strong performance with $16.78 billion in revenue and $4.45 billion in EBITDA over the last twelve months. For detailed analysis and comprehensive insights, investors can access Amphenol’s full Pro Research Report on InvestingPro.

The company’s forward-looking statements indicate a disclaimer that actual results could differ materially from anticipated outcomes, with further details on potential risks available in Amphenol’s regulatory filings with the SEC.

This news is based on a press release statement and does not constitute an offer to sell the USD Notes. The sale of the notes will proceed in compliance with the prospectus supplement and the accompanying prospectus, ensuring adherence to the law.

In other recent news, Amphenol Corporation has seen several analyst firms adjust their price targets, reflecting confidence in the company’s growth prospects. Evercore ISI raised its price target for Amphenol from $88 to $105, maintaining an In Line rating, citing the company’s strong performance and strategic position in the market. Similarly, UBS increased its price target from $85 to $106, with a Buy rating, highlighting a revised earnings per share forecast for 2026 that shows a 6% increase. Truist Securities also maintained a Buy rating with a $102 price target, following Amphenol’s impressive first-quarter results that exceeded expectations in sales, margins, and earnings per share.

Amphenol’s alignment with emerging trends in industrial technology, including advancements in Artificial Intelligence, has been a key factor in these positive assessments. The company is projected to benefit from AI investments, with AI-related revenues expected to grow significantly by the end of 2025. In addition, Amphenol’s Board of Directors has declared a dividend of $0.165 per share for the second quarter of 2025, reflecting a commitment to shareholder returns.

Amphenol’s strategic mergers and acquisitions are anticipated to contribute to long-term earnings growth, with analysts forecasting an increase in earnings per share. Despite the challenges posed by global trade tariffs, the company’s guidance for the second quarter remains optimistic. Overall, analysts express confidence in Amphenol’s future performance, with expectations of continued growth across its diverse market segments.

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