Amphenol closes $750 million two-year delayed-draw term loan

By Marisa Wong

Los Angeles, April 21 – Amphenol Corp. entered into a $750 million two-year unsecured delayed-draw term loan credit agreement on April 19 with BNP Paribas as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The term loan was undrawn at closing and may be drawn on up to five occasions over the life of the facility.

The term loan is scheduled to mature on April 19, 2024.

The term loan may be repaid at any time without premium or penalty.

Interest rates are based on a spread over adjusted term SOFR. The spread varies based on the company’s debt rating and ranges from 57.5 basis points to 120 bps.

The commitment fee ranges from 7 bps to 12.5 bps, also based on ratings.

Loan proceeds are expected to be used for general corporate purposes.

BNP Paribas Securities Corp. and BofA Securities, Inc. are the joint lead arrangers and joint bookrunners.

The designer, manufacturer and marketer of electric, electronic and fiber optic components is based in Wallingford, Conn.

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