Item 1.01 Entry into a Material Definitive Agreement
On May 4, 2020, Amphenol Technologies Holding GmbH (the "Company"), a wholly
owned subsidiary of Amphenol Corporation ("Amphenol"), issued and sold
€500,000,000 aggregate principal amount of its 0.750% Senior Notes due 2026 (the
"Notes"). The Notes were sold to certain non-U.S. persons in transactions
outside the United States in reliance on Regulation S under the U.S. Securities
Act of 1933, as amended, pursuant to a purchase agreement, dated April 28, 2020,
among the Company, Amphenol and the initial purchasers party thereto. The Notes
are guaranteed (the "Guarantee") on a senior unsecured basis by Amphenol.
The Notes were sold at a price of 99.563% of their face value and the Company
received net proceeds of approximately €493.4 million from the offering after
deducting the initial purchaser discounts and estimated offering expenses. The
net proceeds of this offering are expected to be used to repay amounts
outstanding under Amphenol's revolving credit facility.
The Notes were issued pursuant to an indenture dated as of May 4, 2020 (the
"Indenture") among the Company, Amphenol and The Bank of New York Mellon, as
trustee. The Indenture contains certain covenants and events of default and
other customary provisions.
The Notes bear interest at a rate of 0.750% per year. Interest on the Notes is
payable annually on May 4, beginning on May 4, 2021, to holders of Notes at the
close of business on the business day immediately preceding the applicable
interest payment date. The Notes will mature on May 4, 2026. Prior to February
4, 2026 (three months prior to the maturity date of the Notes), the Company may
redeem, at its option, some or all of the Notes at a redemption price equal to
100% of the principal amount thereof, plus accrued and unpaid interest, if any,
to the date of redemption, plus a "make-whole" premium. On or after February 4,
2026, the Company may redeem, at its option, the Notes in whole or in part, at a
redemption price equal to 100% of the principal amount thereof, plus accrued and
unpaid interest, if any, to the date of redemption. The Notes are the Company's
senior unsecured and unsubordinated obligations and rank equally in right of
payment with all of the Company's existing and future senior unsecured and
unsubordinated indebtedness. The Guarantee is a senior unsecured obligation of
Amphenol and ranks equally in right of payment with all of Amphenol's existing
and future unsecured and unsubordinated indebtedness.
The above descriptions of the Indenture, the Notes and the Guarantee are
qualified in their entirety by reference to the Indenture and the Notes, which
are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on
Form 8-K, and are incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant
The foregoing terms and conditions of the Indenture, the Notes and the Guarantee
described in Item 1.01 of this Current Report on Form 8-K are incorporated by
reference herein.
Item 9.01 Financial Statements and Exhibits
4.1 Indenture, dated as of May 4, 2020, among Amphenol Technologies
Holding GmbH, Amphenol Corporation and The Bank of New York Mellon,
as trustee
4.2 Form of Global Note
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