APH · Amphenol Corporation

Amphenol Corporation entered into an underwriting agreement on May 5, 2026, to issue €1.1 billion in senior notes across two tranches: €600 million of 3.375% notes due 2029 and €500 million of 3.875% notes due 2034. The offering is underwritten by a syndicate led by Barclays, Citigroup, Commerzbank, and HSBC, with several other banks participating. The net proceeds are intended to repay existing short-term borrowings under the company's U.S. commercial paper program and a 364-day term loan, with the remainder for general corporate purposes. This refinancing extends Amphenol's debt maturity profile and locks in fixed rates in a potentially rising rate environment. The closing is scheduled for May 12, 2026, subject to customary conditions. The notes are being offered under an automatic shelf registration statement, indicating the company's status as a well-known seasoned issuer. The transaction is material due to the size of the offering and its impact on the company's capital structure and liquidity.