Amphenol seeking refinancing of credit facilities

By Sara Rosenberg

New York, March 13 - Amphenol Corp. is currently pursuing a refinancing of its senior credit facilities.

Proceeds from the new credit facilities would be used to replace the company's existing loans and may also be used to redeem all or a portion of the company's outstanding senior subordinated notes, according to a news release.

As of Sept. 30, 2002, the company had a balance of $184.5 million under its term loan A, $284.5 million under its term loan B and availability of $142.8 million under its $150 million revolver, according to a filing with the Securities and Exchange Commission. The facility is secured by a first priority pledge of 100% of the capital stock of the company's direct domestic subsidiaries and 65% of the capital stock of the direct material foreign subsidiaries.

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

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