Amphenol lifts revolver commitments to $1.5 billion, extends to 2018

By Susanna Moon

Chicago, July 8 - Amphenol Corp. increased its commitments under its revolving credit facility by $500 million to $1.5 billion and extended the maturity to July 2018.

The company amended the credit agreement July 1 with JPMorgan Chase Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Interest on the loans was reduced to Libor plus a spread of 100 basis points to 200 bps, based on the company's debt rating or leverage. The commitment fee ranges from 10 bps to 27.5 bps.

The facility had been set to expire July 2016.

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

© 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.