Amphenol (APH) Prices €500M Senior Notes Offering Due 2031

Amphenol Corporation (NYSE:APH) is one of the best US stocks to buy and hold for the next 3 years. On March 24, Amphenol announced the pricing of a €500 million aggregate principal amount of senior notes due in 2031. These notes are being issued by its wholly owned German subsidiary, Amphenol Technologies Holding GmbH, and will be fully guaranteed by the parent company. The notes carry an annual interest rate of 3.625%.

The net proceeds from this offering are intended to be used for the repayment of Amphenol Corporation’s (NYSE:APH) outstanding 0.750% Euro Senior Notes that reach maturity in 2026. Additionally, the funds will be allocated toward general corporate purposes. The transaction is being managed by a group of joint book-running managers, including Barclays Bank PLC, Citigroup Global Markets Europe AG, Commerzbank Aktiengesellschaft, and HSBC Bank plc.

The notes are offered under an effective shelf registration statement previously filed with the Securities and Exchange Commission. Detailed terms of the offering will be provided in a prospectus supplement filed with the SEC. This announcement serves as a notice of pricing and does not constitute an official offer to sell or a solicitation to buy the securities in any jurisdiction where such an action would be unlawful.

Amphenol (APH) Prices €500M Senior Notes Offering Due 2031

asharkyu/Shutterstock.com

Amphenol Corporation (NYSE:APH) is an electric components company that deals in electrical, electronic, and fiber optic connectors through the Communications Solutions, Harsh Environment Solutions, and Interconnect & Sensor Systems segments.

While we acknowledge the risk and potential of APH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None.  Follow Insider Monkey on Google News.