[424B5] AMPHENOL CORP /DE/ Prospectus Supplement (Debt Securities)
Amphenol Corporation launched a primary debt offering of $7.5 billion in senior notes across seven tranches to help finance its planned $10.5 billion cash acquisition of CommScope’s Connectivity and Cable Solutions businesses. Tranches include $500 million floating-rate notes due 2027 at Compounded SOFR + 0.53%, plus fixed-rate notes: $750 million 3.800% due 2027, $750 million 3.900% due 2028, $1.0 billion 4.125% due 2030, $1.25 billion 4.400% due 2033, $1.6 billion 4.625% due 2036, and $1.65 billion 5.300% due 2055.
The company expects approximately $7,431.8 million in net proceeds, to be combined with cash on hand and potential borrowings under delayed draw term loans and/or its U.S. commercial paper program to fund the acquisition and related fees. The offering is not conditioned on closing the deal. If the acquisition is not completed by the specified date or is abandoned, all series are subject to a special mandatory redemption at 101% of principal plus accrued interest. The notes are unsecured senior obligations, include a 101% repurchase upon a Change of Control Repurchase Event, and settle on a T+10 basis.
Amphenol Corporation ha avviato un'offerta primaria di debito pari a 7,5 miliardi di dollari in obligazioni senior su sette tranche, per finanziare la prevista acquisizione in contanti da 10,5 miliardi di dollari delle attività Connectivity e Cable Solutions di CommScope. Le tranche includono 500 milioni di note a tasso variabile scadenza 2027 a Compounded SOFR + 0,53%, oltre a note a tasso fisso: 750 milioni 3,800% scadenza 2027, 750 milioni 3,900% scadenza 2028, 1,0 miliardo 4,125% scadenza 2030, 1,25 miliardi 4,400% scadenza 2033, 1,6 miliardi 4,625% scadenza 2036 e 1,65 miliardi 5,300% scadenza 2055.
L'azienda prevede circa 7.431,8 milioni di dollari di proventi netti, da combinare con la liquidità disponibile e con eventuali finanziamenti tramite mutui a richiamo differito e/o il programma di commercial paper statunitense per finanziare l'acquisizione e le relative commissioni. L'offerta non è condizionata al completamento dell'affare. Se l'acquisizione non venisse completata entro la data indicata o dovesse essere abbandonata, tutte le serie sono soggette a un rimborso speciale obbligatorio al 101% del capitale più gli interessi maturati. Le note sono obbligazioni senior non garantite, prevedono un riacquisto al 101% in caso di Change of Control Repurchase Event e si regolano su base T+10.
Amphenol Corporation lanzó una oferta de deuda primaria por 7,5 mil millones de dólares en notas senior en siete tramos para financiar su prevista adquisición en efectivo de CommScope's Connectivity y Cable Solutions por 10,5 mil millones de dólares. Los tramos incluyen 500 millones de notas a tasa flotante con vencimiento en 2027 a Compounded SOFR + 0,53%, además de notas a tasa fija: 750 millones 3,800% vencen en 2027, 750 millones 3,900% vencen en 2028, 1,0 mil millones 4,125% vencen en 2030, 1,25 mil millones 4,400% vencen en 2033, 1,6 mil millones 4,625% vencen en 2036 y 1,65 mil millones 5,300% vencen en 2055.
La empresa espera aproximadamente 7.431,8 millones de dólares en ingresos netos, que se combinarán con la liquidez disponible y posibles préstamos bajo líneas de crédito de draw retrasado y/o su programa de papel comercial estadounidense para financiar la adquisición y las comisiones relacionadas. La oferta no está condicionada al cierre del trato. Si la adquisición no se completa para la fecha especificada o se abandona, todas las series están sujetas a un reembolso especial obligatorio al 101% del principal más intereses acumulados. Las notas son obligaciones senior no aseguradas, incluyen un recompras al 101% ante un Cambio de Control y se liquidan en base T+10.
Amphenol Corporation은 CommScope의 Connectivity 및 Cable Solutions 사업을 현금 105억 달러에 인수하기 위한 계획을 지원하기 위해 7개 트랜치를 포함한 75억 달러의 1차 부채 발행을 시작했습니다. 트랜치는 2027년 만기 플로팅 이자율 노트 5억 달러(SOFR + 0.53% 복리)와 고정 이자 노트로 구성되며: 7,270년? 750백만 달러 3.800% 만기 2027년, 750백만 달러 3.900% 만기 2028년, 10억 달러 4.125% 만기 2030년, 12.5억 달러 4.400% 만기 2033년, 16억 달러 4.625% 만기 2036년, 16.5억 달러 5.300% 만기 2055년.
회사는 순조사 수익으로 약 7,431.8백만 달러를 예상하며, 이는 가용 현금 및 지연인출차(Delayed Draw Term Loans) 및/또는 미국 상업어음 프로그램을 통해 인수 및 관련 수수료를 자금 조달하고 남는 현금을 합산할 예정입니다. 발행은 거래 종결에 조건을 두지 않습니다. 인수 완료 날짜가 지났거나 포기될 경우, 모든 시리즈는 원금의 101%와 누적 이자를 포함한 특별 의무적 리드머를 받을 수 있습니다. 이 노트는 무담보의 선순위 채무이며, Change of Control 시 101% 재매입이 가능하고 T+10 결제일로 정해집니다.
Amphenol Corporation a lancé une émission primaire de dette de 7,5 milliards de dollars sous forme d'obligations seniors réparties en sept volets afin de financer son acquisition en numéraire de 10,5 milliards de dollars des activités Connectivity et Cable Solutions de CommScope. Les volets comprennent 500 millions de notes révisables à taux variable arrivant à échéance en 2027 à Compounded SOFR + 0,53%, ainsi que des notes à taux fixe: 750 millions à 3,800% arrivant en 2027, 750 millions à 3,900% arrivant en 2028, 1,0 milliard à 4,125% arrivant en 2030, 1,25 milliard à 4,400% arrivant en 2033, 1,6 milliard à 4,625% arrivant en 2036 et 1,65 milliard à 5,300% arrivant en 2055.
La société prévoit environ 7 431,8 millions de dollars de produits nets, à combiner avec la trésorerie disponible et des emprunts éventuels au titre de lignes de crédit à tirage différé et/ou son programme de commercial paper américain pour financer l'acquisition et les frais associés. L'offre n'est pas conditionnée à la clôture de l'opération. Si l'acquisition n'est pas réalisée à la date indiquée ou si elle est abandonnée, toutes les séries feront l’objet d’un remboursement spécial obligatoire à 101% du principal plus les intérêts accumulés. Les notes sont des obligations seniors non garanties, prévoyant un remboursement à 101% en cas d'événement de rachat suite à un changement de contrôle, et elles se règlent sur une base T+10.
Amphenol Corporation hat ein primäres Schuldenangebot in Höhe von 7,5 Milliarden US-Dollar in Senior Notes über sieben Tranchen angekündigt, um die geplante Bar-Übernahme der Connectivity- und Cable-Solutions-Geschäfte von CommScope im Wert von 10,5 Milliarden US-Dollar zu finanzieren. Die Tranchen umfassen 500 Millionen US-Dollar an variabel verzinslichen Anleihen mit Fälligkeit 2027 bei Compounded SOFR + 0,53%, sowie Festverzinsliche: 750 Millionen US-Dollar 3,800% fällig 2027, 750 Millionen US-Dollar 3,900% fällig 2028, 1,0 Milliarde US-Dollar 4,125% fällig 2030, 1,25 Milliarden US-Dollar 4,400% fällig 2033, 1,6 Milliarden US-Dollar 4,625% fällig 2036 und 1,65 Milliarden US-Dollar 5,300% fällig 2055.
Das Unternehmen erwartet netto ca. 7.431,8 Millionen US-Dollar, die mit vorhandener Flüssigkeit sowie potenziellen Draw-Down-Darlehen und/oder dem US-Commercial-Paper-Programm zur Finanzierung der Übernahme und der damit verbundenen Gebühren kombiniert werden sollen. Das Angebot ist nicht von einem Abschluss der Transaktion abhängig. Sollte die Übernahme nicht bis zum angegebenen Datum abgeschlossen oder aufgegeben werden, unterliegen alle Serien einer besonderen obligatorischen Rückzahlung in Höhe von 101% des Nennbetrags zuzüglich aufgelaufener Zinsen. Die Notes sind unbesicherte Senior-Verpflichtungen, sehen eine Rückkaufmöglichkeit zu 101% bei einem Change of Control Repurchase Event vor und werden nach T+10 abgerechnet.
Amphenol Corporation أطلقت عرضاً أولياً للديون بقيمة 7.5 مليار دولار في سندات senior عبر سبع شرائح لتمويل استحواذها النقدي المخطط بقيمة 10.5 مليار دولار على أعمال Connectivity وCable Solutions لدى CommScope. تتضمن الشرائح سندات متغيرة العائد بقيمة 500 مليون دولار بتاريخ استحقاق 2027 عند معدل Compounded SOFR + 0.53%، إضافة إلى سندات ذات عائد ثابت: 750 مليون دولار بنسبة 3.800% مستحقة 2027، 750 مليون دولار بنسبة 3.900% مستحقة 2028، 1.0 مليار دولار بنسبة 4.125% مستحقة 2030، 1.25 مليار دولار بنسبة 4.400% مستحقة 2033، 1.6 مليار دولار بنسبة 4.625% مستحقة 2036، و1.65 مليار دولار بنسبة 5.300% مستحقة 2055.
تتوقع الشركة صافي عوائد يقارب 7,431.8 مليون دولار، ليتم دمجها مع النقد المتاح وإمكانية الاقتراض بموجب قروض سحب مُتأخر و/أو برنامج الورقة التجارية الأمريكية لتمويل الاستحواذ والرسوم المرتبطة به. العرض غير مشروط بإغلاق الصفقة. إذا لم يتم إكمال الاستحواذ بالموعد المحدد أو تم التخلي عنه، فإن جميع السلاسل تخضع لإعادة شراء إلزامية خاصة عند 101% من الأصل مضافاً إليه الفوائد المتراكمة. تعتبر السندات التزامات senior غير مضمونة، وتتضمن حق إعادة الشراء عند حدث تغيير السيطرة بنسبة 101%، وتُسوى على أساس T+10.
- None.
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Insights
Large, structured bond deal to pre-fund a defined M&A transaction.
Amphenol is issuing $7.5B of unsecured senior notes in seven staggered maturities, including a floating tranche tied to Compounded SOFR plus
Investor protections include a
Actual leverage and cash needs depend on how much of the Delayed Draw Term Loan Facilities are pulled versus commercial paper. Subsequent filings may detail closing progress and any changes to financing mix or redemption triggers.
Amphenol Corporation ha avviato un'offerta primaria di debito pari a 7,5 miliardi di dollari in obligazioni senior su sette tranche, per finanziare la prevista acquisizione in contanti da 10,5 miliardi di dollari delle attività Connectivity e Cable Solutions di CommScope. Le tranche includono 500 milioni di note a tasso variabile scadenza 2027 a Compounded SOFR + 0,53%, oltre a note a tasso fisso: 750 milioni 3,800% scadenza 2027, 750 milioni 3,900% scadenza 2028, 1,0 miliardo 4,125% scadenza 2030, 1,25 miliardi 4,400% scadenza 2033, 1,6 miliardi 4,625% scadenza 2036 e 1,65 miliardi 5,300% scadenza 2055.
L'azienda prevede circa 7.431,8 milioni di dollari di proventi netti, da combinare con la liquidità disponibile e con eventuali finanziamenti tramite mutui a richiamo differito e/o il programma di commercial paper statunitense per finanziare l'acquisizione e le relative commissioni. L'offerta non è condizionata al completamento dell'affare. Se l'acquisizione non venisse completata entro la data indicata o dovesse essere abbandonata, tutte le serie sono soggette a un rimborso speciale obbligatorio al 101% del capitale più gli interessi maturati. Le note sono obbligazioni senior non garantite, prevedono un riacquisto al 101% in caso di Change of Control Repurchase Event e si regolano su base T+10.
Amphenol Corporation lanzó una oferta de deuda primaria por 7,5 mil millones de dólares en notas senior en siete tramos para financiar su prevista adquisición en efectivo de CommScope's Connectivity y Cable Solutions por 10,5 mil millones de dólares. Los tramos incluyen 500 millones de notas a tasa flotante con vencimiento en 2027 a Compounded SOFR + 0,53%, además de notas a tasa fija: 750 millones 3,800% vencen en 2027, 750 millones 3,900% vencen en 2028, 1,0 mil millones 4,125% vencen en 2030, 1,25 mil millones 4,400% vencen en 2033, 1,6 mil millones 4,625% vencen en 2036 y 1,65 mil millones 5,300% vencen en 2055.
La empresa espera aproximadamente 7.431,8 millones de dólares en ingresos netos, que se combinarán con la liquidez disponible y posibles préstamos bajo líneas de crédito de draw retrasado y/o su programa de papel comercial estadounidense para financiar la adquisición y las comisiones relacionadas. La oferta no está condicionada al cierre del trato. Si la adquisición no se completa para la fecha especificada o se abandona, todas las series están sujetas a un reembolso especial obligatorio al 101% del principal más intereses acumulados. Las notas son obligaciones senior no aseguradas, incluyen un recompras al 101% ante un Cambio de Control y se liquidan en base T+10.
Amphenol Corporation은 CommScope의 Connectivity 및 Cable Solutions 사업을 현금 105억 달러에 인수하기 위한 계획을 지원하기 위해 7개 트랜치를 포함한 75억 달러의 1차 부채 발행을 시작했습니다. 트랜치는 2027년 만기 플로팅 이자율 노트 5억 달러(SOFR + 0.53% 복리)와 고정 이자 노트로 구성되며: 7,270년? 750백만 달러 3.800% 만기 2027년, 750백만 달러 3.900% 만기 2028년, 10억 달러 4.125% 만기 2030년, 12.5억 달러 4.400% 만기 2033년, 16억 달러 4.625% 만기 2036년, 16.5억 달러 5.300% 만기 2055년.
회사는 순조사 수익으로 약 7,431.8백만 달러를 예상하며, 이는 가용 현금 및 지연인출차(Delayed Draw Term Loans) 및/또는 미국 상업어음 프로그램을 통해 인수 및 관련 수수료를 자금 조달하고 남는 현금을 합산할 예정입니다. 발행은 거래 종결에 조건을 두지 않습니다. 인수 완료 날짜가 지났거나 포기될 경우, 모든 시리즈는 원금의 101%와 누적 이자를 포함한 특별 의무적 리드머를 받을 수 있습니다. 이 노트는 무담보의 선순위 채무이며, Change of Control 시 101% 재매입이 가능하고 T+10 결제일로 정해집니다.
Amphenol Corporation a lancé une émission primaire de dette de 7,5 milliards de dollars sous forme d'obligations seniors réparties en sept volets afin de financer son acquisition en numéraire de 10,5 milliards de dollars des activités Connectivity et Cable Solutions de CommScope. Les volets comprennent 500 millions de notes révisables à taux variable arrivant à échéance en 2027 à Compounded SOFR + 0,53%, ainsi que des notes à taux fixe: 750 millions à 3,800% arrivant en 2027, 750 millions à 3,900% arrivant en 2028, 1,0 milliard à 4,125% arrivant en 2030, 1,25 milliard à 4,400% arrivant en 2033, 1,6 milliard à 4,625% arrivant en 2036 et 1,65 milliard à 5,300% arrivant en 2055.
La société prévoit environ 7 431,8 millions de dollars de produits nets, à combiner avec la trésorerie disponible et des emprunts éventuels au titre de lignes de crédit à tirage différé et/ou son programme de commercial paper américain pour financer l'acquisition et les frais associés. L'offre n'est pas conditionnée à la clôture de l'opération. Si l'acquisition n'est pas réalisée à la date indiquée ou si elle est abandonnée, toutes les séries feront l’objet d’un remboursement spécial obligatoire à 101% du principal plus les intérêts accumulés. Les notes sont des obligations seniors non garanties, prévoyant un remboursement à 101% en cas d'événement de rachat suite à un changement de contrôle, et elles se règlent sur une base T+10.
Amphenol Corporation hat ein primäres Schuldenangebot in Höhe von 7,5 Milliarden US-Dollar in Senior Notes über sieben Tranchen angekündigt, um die geplante Bar-Übernahme der Connectivity- und Cable-Solutions-Geschäfte von CommScope im Wert von 10,5 Milliarden US-Dollar zu finanzieren. Die Tranchen umfassen 500 Millionen US-Dollar an variabel verzinslichen Anleihen mit Fälligkeit 2027 bei Compounded SOFR + 0,53%, sowie Festverzinsliche: 750 Millionen US-Dollar 3,800% fällig 2027, 750 Millionen US-Dollar 3,900% fällig 2028, 1,0 Milliarde US-Dollar 4,125% fällig 2030, 1,25 Milliarden US-Dollar 4,400% fällig 2033, 1,6 Milliarden US-Dollar 4,625% fällig 2036 und 1,65 Milliarden US-Dollar 5,300% fällig 2055.
Das Unternehmen erwartet netto ca. 7.431,8 Millionen US-Dollar, die mit vorhandener Flüssigkeit sowie potenziellen Draw-Down-Darlehen und/oder dem US-Commercial-Paper-Programm zur Finanzierung der Übernahme und der damit verbundenen Gebühren kombiniert werden sollen. Das Angebot ist nicht von einem Abschluss der Transaktion abhängig. Sollte die Übernahme nicht bis zum angegebenen Datum abgeschlossen oder aufgegeben werden, unterliegen alle Serien einer besonderen obligatorischen Rückzahlung in Höhe von 101% des Nennbetrags zuzüglich aufgelaufener Zinsen. Die Notes sind unbesicherte Senior-Verpflichtungen, sehen eine Rückkaufmöglichkeit zu 101% bei einem Change of Control Repurchase Event vor und werden nach T+10 abgerechnet.
Amphenol Corporation أطلقت عرضاً أولياً للديون بقيمة 7.5 مليار دولار في سندات senior عبر سبع شرائح لتمويل استحواذها النقدي المخطط بقيمة 10.5 مليار دولار على أعمال Connectivity وCable Solutions لدى CommScope. تتضمن الشرائح سندات متغيرة العائد بقيمة 500 مليون دولار بتاريخ استحقاق 2027 عند معدل Compounded SOFR + 0.53%، إضافة إلى سندات ذات عائد ثابت: 750 مليون دولار بنسبة 3.800% مستحقة 2027، 750 مليون دولار بنسبة 3.900% مستحقة 2028، 1.0 مليار دولار بنسبة 4.125% مستحقة 2030، 1.25 مليار دولار بنسبة 4.400% مستحقة 2033، 1.6 مليار دولار بنسبة 4.625% مستحقة 2036، و1.65 مليار دولار بنسبة 5.300% مستحقة 2055.
تتوقع الشركة صافي عوائد يقارب 7,431.8 مليون دولار، ليتم دمجها مع النقد المتاح وإمكانية الاقتراض بموجب قروض سحب مُتأخر و/أو برنامج الورقة التجارية الأمريكية لتمويل الاستحواذ والرسوم المرتبطة به. العرض غير مشروط بإغلاق الصفقة. إذا لم يتم إكمال الاستحواذ بالموعد المحدد أو تم التخلي عنه، فإن جميع السلاسل تخضع لإعادة شراء إلزامية خاصة عند 101% من الأصل مضافاً إليه الفوائد المتراكمة. تعتبر السندات التزامات senior غير مضمونة، وتتضمن حق إعادة الشراء عند حدث تغيير السيطرة بنسبة 101%، وتُسوى على أساس T+10.
安盛半导体公司 启动了总额75亿美元的一级债务发行,分七个档次发行高级票据,以帮助为对 CommScope 的 Connectivity 与 Cable Solutions 业务进行总额105亿美元的现金收购提供资金。档次包括500亿美元的浮息票据,2027年到期,计息为 Compounded SOFR + 0.53%,以及固定利率票据:7.5亿美元,3.800% 2027到期,7.5亿美元,3.900% 2028到期,10亿美元,4.125% 2030到期,12.5亿美元,4.400% 2033到期,16亿美元,4.625% 2036到期,以及16.5亿美元,5.300% 2055到期。
公司预计净收益约为74.318亿美元,将与手头现金及潜在的延期提款贷款和/或其美国商业票据计划下的融资相结合,以资助收购及相关费用。此次发行并不以完成交易为条件。如果收购在指定日期前未完成或被放弃,所有系列将按本金的101%加应计利息进行特别强制赎回。票据为无担保的高级义务,包含在发生控制权变更事件时按101%回购的条款,并以 T+10 结算。
(To Prospectus dated March 16, 2023)
$750,000,000 3.800% Senior Notes due 2027
$750,000,000 3.900% Senior Notes due 2028
$1,000,000,000 4.125% Senior Notes due 2030
$1,250,000,000 4.400% Senior Notes due 2033
$1,600,000,000 4.625% Senior Notes due 2036
$1,650,000,000 5.300% Senior Notes due 2055
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Floating rate notes
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| | | | 100.000% | | | | | $ | 500,000,000 | | | | | | 0.350% | | | | | $ | 1,750,000 | | | | | | 99.650% | | | | | $ | 498,250,000 | | |
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2027 notes
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| | | | 99.932% | | | | | $ | 749,490,000 | | | | | | 0.350% | | | | | $ | 2,625,000 | | | | | | 99.582% | | | | | $ | 746,865,000 | | |
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2028 notes
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| | | | 99.892% | | | | | $ | 749,190,000 | | | | | | 0.400% | | | | | $ | 3,000,000 | | | | | | 99.492% | | | | | $ | 746,190,000 | | |
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2030 notes
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| | | | 99.892% | | | | | $ | 998,920,000 | | | | | | 0.600% | | | | | $ | 6,000,000 | | | | | | 99.292% | | | | | $ | 992,920,000 | | |
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2033 notes
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| | | | 99.877% | | | | | $ | 1,248,462,500 | | | | | | 0.625% | | | | | $ | 7,812,500 | | | | | | 99.252% | | | | | $ | 1,240,650,000 | | |
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2036 notes
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| | | | 99.893% | | | | | $ | 1,598,288,000 | | | | | | 0.650% | | | | | $ | 10,400,000 | | | | | | 99.243% | | | | | $ | 1,587,888,000 | | |
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2055 notes
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| | | | 99.835% | | | | | $ | 1,647,277,500 | | | | | | 0.875% | | | | | $ | 14,437,500 | | | | | | 98.960% | | | | | $ | 1,632,840,000 | | |
|
Combined Total
|
| | | | | | | | | $ | 7,491,628,000 | | | | | | | | | | | $ | 46,025,000 | | | | | | | | | | | $ | 7,445,603,000 | | |
| | Siebert Williams Shank | | |
ING
|
| |
Loop Capital Markets
|
|
| | | |
Page
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ABOUT THIS PROSPECTUS SUPPLEMENT
|
| | | | S-ii | | |
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FORWARD-LOOKING STATEMENTS
|
| | | | S-ii | | |
|
TRADEMARKS
|
| | | | S-iii | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | S-iii | | |
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SUMMARY
|
| | | | S-1 | | |
|
RISK FACTORS
|
| | | | S-12 | | |
|
USE OF PROCEEDS
|
| | | | S-19 | | |
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CAPITALIZATION
|
| | | | S-20 | | |
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DESCRIPTION OF THE NOTES
|
| | | | S-22 | | |
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MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
|
| | | | S-36 | | |
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CERTAIN ERISA CONSIDERATIONS
|
| | | | S-41 | | |
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UNDERWRITING
|
| | | | S-43 | | |
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LEGAL MATTERS
|
| | | | S-50 | | |
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EXPERTS
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| | | | S-50 | | |
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Page
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 3 | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 4 | | |
|
RISK FACTORS
|
| | | | 5 | | |
|
OUR COMPANY
|
| | | | 6 | | |
|
USE OF PROCEEDS
|
| | | | 7 | | |
|
DESCRIPTION OF SENIOR DEBT SECURITIES
|
| | | | 8 | | |
|
GLOBAL SECURITIES
|
| | | | 18 | | |
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PLAN OF DISTRIBUTION
|
| | | | 22 | | |
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LEGAL MATTERS
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| | | | 24 | | |
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EXPERTS
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| | | | 24 | | |
Amphenol Corporation
358 Hall Avenue
Wallingford, CT 06492
Telephone No: (203) 265-8900
Control
| | | |
Nine Months Ended
September 30, |
| |
Year Ended December 31,
|
| ||||||||||||||||||||||||
| | | |
2025
|
| |
2024
|
| |
2024
|
| |
2023
|
| |
2022
|
| |||||||||||||||
|
(in millions)
|
| |
(unaudited)
|
| |
(audited)
|
| ||||||||||||||||||||||||
| Statements of Income Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net sales
|
| | | $ | 16,655.7 | | | | | $ | 10,904.9 | | | | | $ | 15,222.7 | | | | | $ | 12,554.7 | | | | | $ | 12,623.0 | | |
|
Cost of sales
|
| | | | 10,599.1 | | | | | | 7,245.9 | | | | | | 10,083.0 | | | | | | 8,470.6 | | | | | | 8,594.8 | | |
|
Selling, general and administrative expenses
|
| | | | 1,854.7 | | | | | | 1,340.4 | | | | | | 1,855.4 | | | | | | 1,489.9 | | | | | | 1,420.9 | | |
|
Operating income
|
| | | | 4,154.9 | | | | | | 2,203.2 | | | | | | 3,156.9 | | | | | | 2,559.6 | | | | | | 2,585.8 | | |
|
Net income attributable to APH
|
| | | $ | 3,074.8 | | | | | $ | 1,677.8 | | | | | $ | 2,424.0 | | | | | $ | 1,928.0 | | | | | $ | 1,902.3 | | |
| Non-GAAP Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Adjusted operating income(a)
|
| | | $ | 4,279.7 | | | | | $ | 2,336.8 | | | | | $ | 3,302.5 | | | | | $ | 2,594.2 | | | | | $ | 2,607.3 | | |
|
Adjusted net income attributable to APH(a)
|
| | | $ | 3,018.5 | | | | | $ | 1,686.9 | | | | | $ | 2,382.1 | | | | | $ | 1,870.4 | | | | | $ | 1,864.7 | | |
| Statements of Cash Flow and Other Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net cash provided by operating activities from continuing operations
|
| | | $ | 3,652.5 | | | | | $ | 1,967.6 | | | | | $ | 2,814.7 | | | | | $ | 2,528.7 | | | | | $ | 2,174.6 | | |
|
Net cash used in investing activities from continuing operations
|
| | | $ | (3,578.6) | | | | | $ | (2,398.2) | | | | | $ | (2,648.6) | | | | | $ | (1,393.7) | | | | | $ | (731.1) | | |
|
Net cash provided by (used in) financing activities from continuing operations
|
| | | $ | 346.0 | | | | | $ | 515.8 | | | | | $ | 1,729.9 | | | | | $ | (1,012.4) | | | | | $ | (1,196.7) | | |
|
Capital expenditures
|
| | | $ | (742.9) | | | | | $ | (465.6) | | | | | $ | (665.4) | | | | | $ | (372.8) | | | | | $ | (383.8) | | |
| | | |
As of
September 30, |
| |
As of December 31,
|
| ||||||||||||||||||
| | | |
2025
|
| |
2024
|
| |
2023
|
| |
2022
|
| ||||||||||||
|
(in millions)
|
| |
(unaudited)
|
| |
(audited)
|
| ||||||||||||||||||
| Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Cash and cash equivalents
|
| | | $ | 3,799.3 | | | | | $ | 3,317.0 | | | | | $ | 1,475.0 | | | | | $ | 1,373.1 | | |
|
Short-term investments
|
| | | | 88.8 | | | | | | 18.4 | | | | | | 185.2 | | | | | | 61.1 | | |
|
Working capital(b)
|
| | | | 6,400.0 | | | | | | 5,602.2 | | | | | | 3,682.6 | | | | | | 3,803.0 | | |
|
Total assets
|
| | | | 27,143.0 | | | | | | 21,440.2 | | | | | | 16,526.4 | | | | | | 15,326.2 | | |
|
Total debt(c)
|
| | | | 8,067.1 | | | | | | 6,886.1 | | | | | | 4,337.3 | | | | | | 4,577.7 | | |
|
Total equity
|
| | | | 12,596.7 | | | | | | 9,847.4 | | | | | | 8,395.8 | | | | | | 7,073.5 | | |
RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
| | | |
Nine Months Ended September 30,
|
| |
Year ended December 31,
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | |
2025
|
| |
2024
|
| |
2024
|
| |
2023
|
| |
2022
|
| |||||||||||||||||||||||||||||||||||||||||||||
|
(in millions)
|
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| ||||||||||||||||||||||||||||||
|
Reported (GAAP)
|
| | | $ | 4,145.9 | | | | | $ | 3,074.8 | | | | | $ | 2,203.2 | | | | | $ | 1,677.8 | | | | | $ | 3,156.9 | | | | | $ | 2,414.0 | | | | | $ | 2,559.6 | | | | | $ | 1,928.0 | | | | | $ | 2,585.8 | | | | | $ | 1,902.3 | | |
|
Amortization of acquisition-
related inventory step-up costs |
| | | | 77.8 | | | | | | 59.6 | | | | | | 18.2 | | | | | | 14.0 | | | | | | 18.2 | | | | | | 14.0 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Acquisition-related
expenses |
| | | | 56.0 | | | | | | 46.7 | | | | | | 115.4 | | | | | | 95.7 | | | | | | 127.4 | | | | | | 105.3 | | | | | | 34.6 | | | | | | 30.2 | | | | | | 21.5 | | | | | | 18.4 | | |
|
Gain on bargain purchase acquisition
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (5.4) | | | | | | — | | | | | | — | | |
|
Excess tax benefits related
to stock-based compensation |
| | | | — | | | | | | (162.6) | | | | | | — | | | | | | (82.0) | | | | | | — | | | | | | (142.6) | | | | | | — | | | | | | (82.4) | | | | | | — | | | | | | (56.0) | | |
|
Discrete tax items
|
| | | | — | | | | | | — | | | | | | — | | | | | | (18.6) | | | | | | — | | | | | | (18.6) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Adjusted (non-GAAP)(1)
|
| | | $ | 4,279.7 | | | | | $ | 3,018.5 | | | | | $ | 2,336.8 | | | | | $ | 1,686.9 | | | | | $ | 3,302.5 | | | | | $ | 2,382.1 | | | | | $ | 2,594.2 | | | | | $ | 1,870.4 | | | | | $ | 2,607.3 | | | | | $ | 1,864.7 | | |
| | | |
As of September 30, 2025
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
Pro Forma
As Adjusted |
| ||||||
|
Cash and cash equivalents
|
| | | $ | 3,799.3 | | | | | $ | 15,231.1 | | |
| Indebtedness(a): | | | | | | | | | | | | | |
| Short-term borrowings including obligations under capital leases: | | | | | | | | | | | | | |
|
4.750% Senior Notes due 2026
|
| | | | 349.8 | | | | | | 349.8 | | |
|
0.750% Euro Senior Notes due 2026 of Amphenol Technologies Holding GmbH(b)
|
| | | | 586.8 | | | | | | 586.8 | | |
|
364-day delayed draw term loan
|
| | | | — | | | | | | 2,000.0 | | |
|
Other
|
| | | | 1.9 | | | | | | 1.9 | | |
|
Short-term deferred debt issuance costs
|
| | | | (0.9) | | | | | | (0.9) | | |
|
Total short-term borrowings
|
| | | | 937.6 | | | | | | 2,937.6 | | |
| Long-term debt including obligations under capital lease: | | | | | | | | | | | | | |
|
Revolving credit facility
|
| | | $ | — | | | | | $ | — | | |
|
Three-year delayed draw term loan
|
| | | | — | | | | | | 2,000.0 | | |
|
U.S. Commercial Paper Program
|
| | | | — | | | | | | — | | |
|
Euro Commercial Paper Program issued by Amphenol Technologies Holding
GmbH(b) |
| | | | — | | | | | | — | | |
|
5.050% Senior Notes due 2027
|
| | | | 701.4 | | | | | | 701.4 | | |
|
4.375% Senior Notes due 2028
|
| | | | 749.4 | | | | | | 749.4 | | |
|
5.050% Senior Notes due 2029
|
| | | | 449.7 | | | | | | 449.7 | | |
|
4.350% Senior Notes due 2029
|
| | | | 499.8 | | | | | | 499.8 | | |
|
2.800% Senior Notes due 2030
|
| | | | 899.7 | | | | | | 899.7 | | |
|
2.200% Senior Notes due 2031
|
| | | | 748.4 | | | | | | 748.4 | | |
|
3.125% Euro Senior Notes due 2032(b)
|
| | | | 699.2 | | | | | | 699.2 | | |
|
5.250% Senior Notes due 2034
|
| | | | 599.5 | | | | | | 599.5 | | |
|
5.000% Senior Notes due 2035
|
| | | | 746.6 | | | | | | 746.6 | | |
|
5.375% Senior Notes due 2054
|
| | | | 492.4 | | | | | | 492.4 | | |
| | | |
As of September 30, 2025
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
Pro Forma
As Adjusted |
| ||||||
|
2.000% Euro Senior Notes due 2028 of Amphenol Technologies Holding GmbH(b)
|
| | | | 586.1 | | | | | | 586.1 | | |
|
Floating Rate Senior Notes due 2027 offered hereby
|
| | | | — | | | | | | 500.0 | | |
|
3.800% Senior Notes due 2027 offered hereby
|
| | | | — | | | | | | 749.5 | | |
|
3.900% Senior Notes due 2028 offered hereby
|
| | | | — | | | | | | 749.2 | | |
|
4.125% Senior Notes due 2030 offered hereby
|
| | | | — | | | | | | 998.9 | | |
|
4.400% Senior Notes due 2033 offered hereby
|
| | | | — | | | | | | 1,248.5 | | |
|
4.625% Senior Notes due 2036 offered hereby
|
| | | | — | | | | | | 1,598.3 | | |
|
5.300% Senior Notes due 2055 offered hereby
|
| | | | — | | | | | | 1,647.3 | | |
|
Other
|
| | | | 0.3 | | | | | | 0.3 | | |
|
Long-term deferred debt issuance costs
|
| | | | (43.0) | | | | | | (102.8) | | |
|
Total long-term debt
|
| | | $ | 7,129.5 | | | | | $ | 16,561.3 | | |
|
Total indebtedness
|
| | | $ | 8,067.1 | | | | | $ | 19,498.9 | | |
|
Total equity
|
| | | $ | 12,596.7 | | | | | $ | 12,596.7 | | |
|
Total capitalization
|
| | | $ | 20,663.8 | | | | | $ | 32,095.6 | | |
| | |||||||||||||
|
Underwriters
|
| |
Aggregate
Principal Amount of Floating Rate Notes to be Purchased |
| |
Aggregate
Principal Amount of 2027 Notes to be Purchased |
| |
Aggregate
Principal Amount of 2028 Notes to be Purchased |
| |
Aggregate
Principal Amount of 2030 Notes to be Purchased |
| |
Aggregate
Principal Amount of 2033 Notes to be Purchased |
| |
Aggregate
Principal Amount of 2036 Notes to be Purchased |
| |
Aggregate
Principal Amount of 2055 Notes to be Purchased |
| |||||||||||||||||||||
|
J.P. Morgan Securities LLC
|
| | | $ | 150,000,000 | | | | | $ | 225,000,000 | | | | | $ | 225,000,000 | | | | | $ | 300,000,000 | | | | | $ | 375,000,000 | | | | | $ | 480,000,000 | | | | | $ | 495,000,000 | | |
|
BNP Paribas Securities Corp.
|
| | | $ | 65,000,000 | | | | | $ | 97,500,000 | | | | | $ | 97,500,000 | | | | | $ | 130,000,000 | | | | | $ | 162,500,000 | | | | | $ | 208,000,000 | | | | | $ | 214,500,000 | | |
|
Mizuho Securities USA LLC
|
| | | $ | 50,000,000 | | | | | $ | 75,000,000 | | | | | $ | 75,000,000 | | | | | $ | 100,000,000 | | | | | $ | 125,000,000 | | | | | $ | 160,000,000 | | | | | $ | 165,000,000 | | |
|
BofA Securities, Inc.
|
| | | $ | 45,000,000 | | | | | $ | 67,500,000 | | | | | $ | 67,500,000 | | | | | $ | 90,000,000 | | | | | $ | 112,500,000 | | | | | $ | 144,000,000 | | | | | $ | 148,500,000 | | |
|
Citigroup Global Markets Inc.
|
| | | $ | 35,000,000 | | | | | $ | 52,500,000 | | | | | $ | 52,500,000 | | | | | $ | 70,000,000 | | | | | $ | 87,500,000 | | | | | $ | 112,000,000 | | | | | $ | 115,500,000 | | |
|
TD Securities (USA) LLC
|
| | | $ | 35,000,000 | | | | | $ | 52,500,000 | | | | | $ | 52,500,000 | | | | | $ | 70,000,000 | | | | | $ | 87,500,000 | | | | | $ | 112,000,000 | | | | | $ | 115,500,000 | | |
|
Barclays Capital Inc.
|
| | | $ | 20,000,000 | | | | | $ | 30,000,000 | | | | | $ | 30,000,000 | | | | | $ | 40,000,000 | | | | | $ | 50,000,000 | | | | | $ | 64,000,000 | | | | | $ | 66,000,000 | | |
|
Commerz Markets LLC
|
| | | $ | 20,000,000 | | | | | $ | 30,000,000 | | | | | $ | 30,000,000 | | | | | $ | 40,000,000 | | | | | $ | 50,000,000 | | | | | $ | 64,000,000 | | | | | $ | 66,000,000 | | |
|
Goldman Sachs & Co. LLC
|
| | | $ | 20,000,000 | | | | | $ | 30,000,000 | | | | | $ | 30,000,000 | | | | | $ | 40,000,000 | | | | | $ | 50,000,000 | | | | | $ | 64,000,000 | | | | | $ | 66,000,000 | | |
|
HSBC Securities (USA) Inc.
|
| | | $ | 20,000,000 | | | | | $ | 30,000,000 | | | | | $ | 30,000,000 | | | | | $ | 40,000,000 | | | | | $ | 50,000,000 | | | | | $ | 64,000,000 | | | | | $ | 66,000,000 | | |
|
Standard Chartered Bank
|
| | | $ | 10,000,000 | | | | | $ | 15,000,000 | | | | | $ | 15,000,000 | | | | | $ | 20,000,000 | | | | | $ | 25,000,000 | | | | | $ | 32,000,000 | | | | | $ | 33,000,000 | | |
|
U.S. Bancorp Investments, Inc.
|
| | | $ | 10,000,000 | | | | | $ | 15,000,000 | | | | | $ | 15,000,000 | | | | | $ | 20,000,000 | | | | | $ | 25,000,000 | | | | | $ | 32,000,000 | | | | | $ | 33,000,000 | | |
|
Siebert Williams Shank & Co., LLC
|
| | | $ | 10,000,000 | | | | | $ | 15,000,000 | | | | | $ | 15,000,000 | | | | | $ | 20,000,000 | | | | | $ | 25,000,000 | | | | | $ | 32,000,000 | | | | | $ | 33,000,000 | | |
|
ING Financial Markets LLC
|
| | | $ | 5,000,000 | | | | | $ | 7,500,000 | | | | | $ | 7,500,000 | | | | | $ | 10,000,000 | | | | | $ | 12,500,000 | | | | | $ | 16,000,000 | | | | | $ | 16,500,000 | | |
|
Loop Capital Markets LLC
|
| | | $ | 5,000,000 | | | | | $ | 7,500,000 | | | | | $ | 7,500,000 | | | | | $ | 10,000,000 | | | | | $ | 12,500,000 | | | | | $ | 16,000,000 | | | | | $ | 16,500,000 | | |
|
Total
|
| | | $ | 500,000,000 | | | | | $ | 750,000,000 | | | | | $ | 750,000,000 | | | | | $ | 1,000,000,000 | | | | | $ | 1,250,000,000 | | | | | $ | 1,600,000,000 | | | | | $ | 1,650,000,000 | | |
| | | |
Underwriting Discount Paid
by the Company |
| |||||||||
| | | |
Per note
|
| |
Total
|
| ||||||
|
Floating Rate Notes
|
| | | | 0.350% | | | | | $ | 1,750,000 | | |
|
2027 notes
|
| | | | 0.350% | | | | | $ | 2,625,000 | | |
|
2028 notes
|
| | | | 0.400% | | | | | $ | 3,000,000 | | |
|
2030 notes
|
| | | | 0.600% | | | | | $ | 6,000,000 | | |
|
2033 notes
|
| | | | 0.625% | | | | | $ | 7,812,500 | | |
|
2036 notes
|
| | | | 0.650% | | | | | $ | 10,400,000 | | |
|
2055 notes
|
| | | | 0.875% | | | | | $ | 14,437,500 | | |
|
Combined Total
|
| | | | | | | | | $ | 46,025,000 | | |
| | | |
Page
|
| |||
|
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 3 | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 4 | | |
|
RISK FACTORS
|
| | | | 5 | | |
|
OUR COMPANY
|
| | | | 6 | | |
|
USE OF PROCEEDS
|
| | | | 7 | | |
|
DESCRIPTION OF SENIOR DEBT SECURITIES
|
| | | | 8 | | |
|
GLOBAL SECURITIES
|
| | | | 18 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 22 | | |
|
LEGAL MATTERS
|
| | | | 24 | | |
|
EXPERTS
|
| | | | 24 | | |
Amphenol Corporation
358 Hall Avenue
Wallingford, Connecticut 06492
Telephone No: (203) 265-8900
$750,000,000 3.800% Senior Notes due 2027
$750,000,000 3.900% Senior Notes due 2028
$1,000,000,000 4.125% Senior Notes due 2030
$1,250,000,000 4.400% Senior Notes due 2033
$1,600,000,000 4.625% Senior Notes due 2036
$1,650,000,000 5.300% Senior Notes due 2055
| | Siebert Williams Shank | | |
ING
|
| |
Loop Capital Markets
|
|