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Announcement of Refinancing Reported by Amphenol Corporation

  //science-technology.news-articles.net/content/2 .. efinancing-reported-by-amphenol-corporation.html
  Published in Science and Technology on Wednesday, August 18th 2010 at 5:30 GMT by Market Wire
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WALLINGFORD, Conn.--([ BUSINESS WIRE ])--Amphenol Corporation (NYSE-APH) announced today that on August 13, 2010, the Company completed a refinancing of its senior credit facility. The new senior credit agreement consists of a $1 billion unsecured four year revolving credit facility, of which approximately $247 million was drawn at closing. The net proceeds from the financing were used to repay all amounts outstanding under the Companya™s previous senior unsecured credit facility and for working capital purposes. In connection therewith, the Company incurred one-time expenses for the early extinguishment of debt totaling approximately $0.5 million. Such one-time expenses will be reported in the third quarter and represent the write-off of unamortized deferred debt issue costs.

About Amphenol Corporation

Amphenol Corporation is one of the worlda™s leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe, Asia and Africa and sold by a worldwide sales and marketing organization. Amphenol has a diversified presence as a leader in high growth areas of the interconnect market including: Military, Commercial Aerospace, Automotive, Broadband Communication, Industrial, Information Technology and Data Communications Equipment, Mobile Devices and Wireless Infrastructure.