AMETEK plans Canadian-dollar senior notes offering
A qualifying change of control would require AMETEK to offer a cash repurchase at 101% of principal, plus accrued and unpaid interest.
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AMETEK, Inc. (AME) is offering Canadian-dollar-denominated senior notes in a preliminary prospectus supplement under its shelf registration. AMETEK intends to use net proceeds, together with proceeds from expected concurrent U.S.-dollar and euro 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 this offering.
AMETEK completed its acquisition of Indicor Instrumentation on August 26, 2026, for an aggregate purchase price of approximately $5 billion in cash, subject to customary post-closing adjustments. At closing, it drew the full $4.0 billion available under its term loan agreement to help fund the acquisition.
As of September 30, 2026, AMETEK reported actual consolidated total debt of $6,669.388 million and cash and cash equivalents of $666.152 million. The notes will be senior unsecured and unsubordinated, ranking equally with AMETEK’s senior unsecured debt, but effectively subordinated to subsidiary debt and future secured debt to the extent of the assets securing it. The notes will not be listed on a securities exchange and have no established trading market.
Filing Explained
This remains a preliminary, incomplete supplement, not an offer to sell: the Canadian-dollar notes’ principal, coupon, maturity and net proceeds are blank, so this filing establishes neither an issuance amount nor an interest cost for the proposed borrowing.
Key Figures
Key Terms
Change of Control Repurchase Event financial
Term SOFR financial
book-entry interests financial
effectively subordinated financial
Offering Details
FAQ
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How does AME plan to use the senior-note proceeds?
What happens to AME notes after a change of control?
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(To Prospectus dated November 10, 2026)
| | | |
Public Offering
Price(1) |
| |
Underwriting
Discount |
| |
Proceeds to us
(Before Expenses) |
| |||||||||
|
Per Senior Note
|
| | | | % | | | | | | % | | | | | | % | | |
|
Total
|
| | | C$ | | | | | C$ | | | | | C$ | | | |||
| | | |
Page
|
| |||
|
ABOUT THIS PROSPECTUS SUPPLEMENT
|
| | | | S-ii | | |
|
FORWARD-LOOKING STATEMENTS
|
| | | | S-iii | | |
|
TRADEMARKS
|
| | | | S-iv | | |
|
DOCUMENTS INCORPORATED BY REFERENCE
|
| | | | S-v | | |
|
SUMMARY
|
| | | | S-1 | | |
|
RISK FACTORS
|
| | | | S-7 | | |
|
USE OF PROCEEDS
|
| | | | S-13 | | |
|
CAPITALIZATION
|
| | | | S-14 | | |
|
DESCRIPTION OF THE NOTES
|
| | | | S-15 | | |
|
MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
|
| | | | S-30 | | |
|
CERTAIN ERISA CONSIDERATIONS
|
| | | | S-36 | | |
|
UNDERWRITING (CONFLICTS OF INTEREST)
|
| | | | S-38 | | |
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LEGAL MATTERS
|
| | | | S-45 | | |
|
EXPERTS
|
| | | | S-45 | | |
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Page
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| |||
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
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FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
|
AMETEK, INC.
|
| | | | 3 | | |
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RISK FACTORS
|
| | | | 4 | | |
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USE OF PROCEEDS
|
| | | | 5 | | |
|
DESCRIPTION OF CAPITAL STOCK
|
| | | | 6 | | |
|
DESCRIPTION OF WARRANTS
|
| | | | 9 | | |
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DESCRIPTION OF DEBT SECURITIES
|
| | | | 10 | | |
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PLAN OF DISTRIBUTION
|
| | | | 17 | | |
|
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
Control
| | | |
As of September 30, 2026
|
| |||||||||
| | | |
Actual
|
| |
As Adjusted for
This Offering |
| ||||||
| | | | | | |
(Unaudited)
|
| ||||||
| | | |
(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 | | | | |
|
—
|
| |
|
Canadian dollar % senior notes due 20 (1)
|
| | |
|
—
|
| | | |
|
—
|
| |
|
Euro notes offered concurrently(1)
|
| | |
|
—
|
| | | |
|
—
|
| |
|
U.S. Dollar notes offered concurrently
|
| | |
|
—
|
| | | |
|
—
|
| |
|
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 | | | | | $ | | | |
| |
Series
|
| |
Par Call Date
|
| |
Applicable Canada
Yield Spread |
|
| | Notes | | |
, 20 ( months prior to maturity)
|
| |
basis points
|
|
|
Underwriters
|
| |
Aggregate
Principal Amount of Notes to be Purchased |
| |||
|
Merrill Lynch Canada Inc.
|
| | | | C$ | | |
|
J.P. Morgan Securities LLC
|
| | | | C$ | | |
|
Scotia Capital Inc.
|
| | | | C$ | | |
|
Total
|
| | | | C$ | | |
| |
Underwriting Discount Paid
by the Company |
| ||||||
| |
Per note
|
| |
Total
|
| |||
| | % | | | | | C$ | | |
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 | | |
J.P. Morgan
Scotiabank