Amphenol lifts commitments under credit agreement to $2.5 billion

By Sarah Lizee

Olympia, Wash., Jan. 18 – Amphenol Corp. amended and restated its credit agreement on Jan. 15 to increase total commitments to $2.5 billion, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement amends and restates the company’s existing credit facility dated as of March 1, 2016.

Borrowings continue to bear interest at Libor plus a margin that ranges from 87.5 basis points to 150 bps, and the commitment fee ranges from 7 bps to 20 bps, in each case depending on the company’s debt ratings.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, MUFG Bank, Ltd., Citibank, NA and TD Securities (USA) LLC are joint lead arrangers and joint bookrunners. JPMorgan Chase Bank, NA is the administrative agent. Wells Fargo Bank, NA, MUFG Bank, Citibank and TD Bank, NA are syndication agents. Bank of America, NA, Barclays Bank plc, Commerzbank AG, New York Branch, HSBC Bank USA, NA and Mizuho Bank, Ltd. are co-documentation agents.

In connection with the increase of commitments, the company increased its commercial paper program by $500 million to $2.5 billion, the filing noted.

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.