Amphenol obtains $100 million facility priced at Libor plus 100 bps

By Marisa Wong

Madison, Wis., Oct. 21 - Amphenol Corp. entered into a credit agreement with Sovereign Bank, NA on Friday for a $100 million uncommitted unsecured credit facility.

The credit agreement is intended to replace the company's existing receivables securitization facility, which will be terminated on Nov. 15.

Interest for the new one-year facility is equal to Libor plus 100 basis points.

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

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