Amphenol prices $600 million debt offering
Amphenol pegs $600 million offering's interest rate at 4.75 percent annually
Amphenol Corp., a manufacturer of electronic and fiber optic connectors and cables, said Thursday its $600 million offering of senior notes will carry an interest rate of 4.75 percent per year.
The notes, which are due 2014, are being issued at a price equal to 99.8 percent of their face value, the company said. The closing is expected on Nov. 5.
The Wallingford, Conn.-based company said it will use the net proceeds to repay debt outstanding under its revolving credit.
Banc of America Securities LLC and J.P. Morgan Securities Inc. are active book-running managers and Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are passive book-running managers.
Shares rose $1.27, or 3 percent, to close at $41.42.
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