Amphenol draws $380 million from revolver for acquisition

By Sara Rosenberg

New York, Dec. 6 - Amphenol Corp. drew down $380 million under its revolving credit facility to finance the acquisition of the Connection Systems division of Teradyne Inc., according to an 8-K filed with the Securities and Exchange Commission Tuesday.

As was previously reported, the company recently increased its five-year unsecured revolver to $1 billion from $750 million through the exercise of its $250 million accordion feature. The increase will provide liquidity for the acquisition.

Bank of America is the administrative agent on the revolver.

Amphenol is a Wallingford, Conn., producer of electronic and fiber optic connectors, cable and interconnect systems.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.