Amphenol Corp. sold $7.5 billion of investment-grade bonds to help fund its pending acquisition of CommScope Holdings Co. operations, the biggest offering among a rush of debt issuance ahead of this week’s Federal Reserve meeting.
The longest portion of the seven-part transaction, a 30-year note, yields 0.75 percentage point above Treasuries, versus initial price talk of about 1.1 percentage point, according to a person with knowledge of the matter who asked not to be identified as the details are private. Proceeds will go toward the purchase of Commscope’s connectivity and cable solutions business that was announced in August, the ...
