Amphenol gets $2 billion five-year revolver at Libor plus 87.5-150 bps

By Susanna Moon

Chicago, March 2 – Amphenol Corp. obtained a $2 billion unsecured five-year revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Interest on the loans will range from Libor plus 87.5 basis points to Libor plus 150 bps, with a commitment fee of 7 bps to 20 bps.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, MUFG, Citigroup Global Markets Inc. and TD Securities (USA) LLC are the joint lead arrangers and joint bookrunners.

The company entered into the credit agreement on Tuesday with JPMorgan Chase Bank, NA as the administrative agent. The facility replaces the company’s $1.5 billion credit agreement dated Aug. 13, 2010 with Bank of America, NA as the administrative agent.

Wells Fargo Bank, NA, MUFG, Citibank, NA and TD Bank, NA are the syndication agents for the new facility. Bank of America, NA, Barclays Bank plc, Commerzbank AG, New York branch, HSBC Bank USA, NA and Mizuho Bank, Ltd. are the co-documentation agents.

Proceeds will be used for general corporate purposes.

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.