The Firm recently represented the underwriters in connection with the public offering by Amphenol Corporation (“Amphenol”) of $1.5 billion aggregate principal amount of Senior Notes, comprising $250 million of additional 5.050% Senior Notes due 2027, $750 million of 5.000% Senior Notes due 2035 and $500 million of 5.375% Senior Notes due 2054. The offering closed October 31, 2024.
Amphenol intends to use the net proceeds from the offering, together with cash on hand, to pay the cash consideration for the acquisition of CommScope Holding Company, Inc.’s mobile networks-related businesses, specifically the Outdoor Wireless Networks segment and the Distributed Antenna Systems business (the “CommScope Acquisition”) and the payment of fees and expenses related to the CommScope Acquisition and, to the extent the CommScope Acquisition does not close (after giving effect to a special mandatory redemption of the 2035 Notes and the 2054 Notes), for general corporate purposes, including, but not limited to, the repayment of the Company’s outstanding 2.050% Senior Notes due 2025 at maturity.
Amphenol is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in approximately 40 countries around the world and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Broadband Communications, Commercial Aerospace, Defense, Industrial, Information Technology and Data Communications, Mobile Devices and Mobile Networks.
The Simpson Thacher team for the transaction included Roxane Reardon, Melissa Lewis and Rebecca Carroll (Capital Markets); Jonathan Cantor and Tova Pfeffer (Tax); Jeanne Annarumma (Employee Compensation and Benefits); Christine Song (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).