AMETEK plans senior notes offering to repay debt
If a qualifying change-of-control event occurs and the notes have not already been redeemed, AMETEK must offer cash repurchase at 101% of principal plus accrued interest.
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AMETEK is offering senior notes in a preliminary prospectus supplement subject to completion. The notes are unsecured senior obligations ranking equally with AMETEK’s existing and future senior unsecured, unsubordinated debt. They would be effectively subordinated to secured debt to the extent of the collateral and to indebtedness of AMETEK’s subsidiaries.
AMETEK intends to use the net proceeds, together with proceeds from concurrent Euro and Canadian dollar note offerings, to repay all or a portion of borrowings under its financing agreements and/or commercial paper obligations, and for general corporate purposes. The concurrent offerings are not contingent on one another. The notes have no established trading market, and AMETEK does not intend to seek an exchange listing or quotation.
Key Figures
Key Terms
effectively subordinated financial
Change of Control Repurchase Event financial
Term SOFR financial
Financial Covenant Transition Date financial
Attributable Debt financial
Offering Details
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does AMETEK pay if its notes are repurchased after a change of control?
Will AMETEK’s notes be listed or have a public trading market?
AI-generated analysis. How Rhea-AI works. Not financial advice.
(To Prospectus dated November 10, 2026)
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Public Offering
Price(1) |
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Underwriting
Discount |
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Proceeds to us
(Before Expenses) |
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Per note
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| | | | % | | | | | | % | | | | | | % | | |
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Total
|
| | | $ | | | | | $ | | | | | $ | | | | ||
| | BofA Securities | | |
J.P. Morgan
|
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Wells Fargo Securities
|
|
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PNC Capital Markets LLC
|
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Truist Securities
|
|
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Page
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-ii | | |
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FORWARD-LOOKING STATEMENTS
|
| | | | S-iii | | |
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TRADEMARKS
|
| | | | S-iv | | |
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DOCUMENTS INCORPORATED BY REFERENCE
|
| | | | S-v | | |
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SUMMARY
|
| | | | S-1 | | |
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RISK FACTORS
|
| | | | S-6 | | |
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USE OF PROCEEDS
|
| | | | S-9 | | |
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CAPITALIZATION
|
| | | | S-10 | | |
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DESCRIPTION OF THE NOTES
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| | | | S-11 | | |
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MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
|
| | | | S-21 | | |
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CERTAIN ERISA CONSIDERATIONS
|
| | | | S-26 | | |
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UNDERWRITING (CONFLICTS OF INTEREST)
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| | | | S-28 | | |
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LEGAL MATTERS
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| | | | S-35 | | |
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EXPERTS
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| | | | S-35 | | |
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Page
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
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FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
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AMETEK, INC.
|
| | | | 3 | | |
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RISK FACTORS
|
| | | | 4 | | |
|
USE OF PROCEEDS
|
| | | | 5 | | |
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DESCRIPTION OF CAPITAL STOCK
|
| | | | 6 | | |
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DESCRIPTION OF WARRANTS
|
| | | | 9 | | |
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DESCRIPTION OF DEBT SECURITIES
|
| | | | 10 | | |
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PLAN OF DISTRIBUTION
|
| | | | 17 | | |
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EXPERTS
|
| | | | 18 | | |
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LEGAL MATTERS
|
| | | | 18 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | 19 | | |
1100 Cassatt Road
Berwyn, Pennsylvania 19312
Telephone: (610) 647-2121
Attention: Corporate Secretary
| | | |
As of September 30, 2026
|
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| | | |
Actual
|
| |
As Adjusted
for This Offering |
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| | | | | | |
(Unaudited)
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(In Thousands)
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Cash and cash equivalents
|
| | | $ | 666,152 | | | | | $ | | | |
| Debt | | | | | | | | | | | | | |
|
U.S Dollar 4.32% senior notes due December 2027
|
| | | | 250,000 | | | | | | 250,000 | | |
|
U.S Dollar 4.37% senior notes due December 2028
|
| | | | 50,000 | | | | | | 50,000 | | |
|
U.S Dollar 3.98% senior notes due September 2029
|
| | | | 100,000 | | | | | | 100,000 | | |
|
U.S Dollar 4.45% senior notes due August 2035
|
| | | | 50,000 | | | | | | 50,000 | | |
|
British Pound 2.59% senior note due November 2028
|
| | | | 198,989 | | | | | | 198,989 | | |
|
British Pound 2.70% senior note due November 2031
|
| | | | 99,494 | | | | | | 99,494 | | |
|
Euro 1.34% senior notes due October 2026
|
| | | | 340,320 | | | | | | 340,320 | | |
|
Euro 1.71% senior notes due December 2027
|
| | | | 85,078 | | | | | | 85,078 | | |
|
Euro 1.53% senior notes due October 2028
|
| | | | 226,864 | | | | | | 226,864 | | |
|
Revolving Credit Facility Borrowings
|
| | | | 975,727 | | | | |
|
—
|
| |
|
Commercial Paper Borrowings
|
| | | | 306,000 | | | | |
|
—
|
| |
|
Term Loans
|
| | | | 4,000,000 | | | | |
|
—
|
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U.S. Dollar % senior notes due 20
|
| | |
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—
|
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—
|
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Euro notes offered concurrently(1)
|
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—
|
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—
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Canadian dollar notes offered concurrently(1)
|
| | |
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—
|
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—
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Other
|
| | | | 16 | | | | | | 16 | | |
|
Deferred Financing Fees
|
| | | | (13,100) | | | | | | | | |
|
Total Debt:
|
| | | | 6,669,388 | | | | | | | | |
|
Total Net Debt:
|
| | | | 6,003,236 | | | | | | | | |
|
Total Stockholders Equity
|
| | | | 11,696,208 | | | | | | 11,696,208 | | |
|
Total Capitalization
|
| | | $ | 18,365,596 | | | | | $ | | | |
|
Underwriters
|
| |
Aggregate
Principal Amount of Notes to be Purchased |
| |||
|
BofA Securities, Inc.
|
| | | $ | | | |
|
J.P. Morgan Securities LLC
|
| | | $ | | | |
|
Wells Fargo Securities, LLC
|
| | | $ | | | |
|
PNC Capital Markets LLC
|
| | | $ | | | |
|
Truist Securities, Inc.
|
| | | $ | | | |
|
Total
|
| | | $ | | | |
| |
Underwriting Discount Paid by the Company
|
| |||
| |
Per note
|
| |
Total
|
|
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%
|
| |
$
|
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PREFERRED STOCK
DEPOSITARY SHARES
DEBT SECURITIES
WARRANTS
| | | |
Page
|
| |||
|
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
|
AMETEK, INC.
|
| | | | 3 | | |
|
RISK FACTORS
|
| | | | 4 | | |
|
USE OF PROCEEDS
|
| | | | 5 | | |
|
DESCRIPTION OF CAPITAL STOCK
|
| | | | 6 | | |
|
DESCRIPTION OF WARRANTS
|
| | | | 9 | | |
|
DESCRIPTION OF DEBT SECURITIES
|
| | | | 10 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 17 | | |
|
EXPERTS
|
| | | | 18 | | |
|
LEGAL MATTERS
|
| | | | 18 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 19 | | |
| |
BofA Securities
|
| |
J.P. Morgan
|
| |
Wells Fargo Securities
|
|
| |
PNC Capital Markets LLC
|
| |
Truist Securities
|
|