Amphenol prices $600 million debt offering

Amphenol pegs $600 million offering's interest rate at 4.75 percent annually

• On 6:33 pm EDT, Thursday October 29, 2009

WALLINGFORD, Conn. (AP) -- 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.