10/27/2025 | Press release | Distributed by Public on 10/27/2025 06:46
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Prices to Public(1)
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Underwriting Discount
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Proceeds to us (before
expenses) |
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Per note
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Total
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Per note
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Total
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Per note
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Total
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Floating rate notes
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20 notes
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20 notes
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20 notes
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20 notes
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20 notes
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20 notes
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Combined Total
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Page
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-ii | | |
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FORWARD-LOOKING STATEMENTS
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| | | | S-ii | | |
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TRADEMARKS
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| | | | S-iii | | |
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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| | | | S-iii | | |
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SUMMARY
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| | | | S-1 | | |
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RISK FACTORS
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| | | | S-12 | | |
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USE OF PROCEEDS
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| | | | S-19 | | |
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CAPITALIZATION
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| | | | S-20 | | |
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DESCRIPTION OF THE NOTES
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| | | | S-22 | | |
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MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
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| | | | S-36 | | |
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CERTAIN ERISA CONSIDERATIONS
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| | | | S-41 | | |
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UNDERWRITING
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| | | | S-43 | | |
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LEGAL MATTERS
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| | | | S-50 | | |
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EXPERTS
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| | | | S-50 | | |
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Page
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ABOUT THIS PROSPECTUS
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| | | | 1 | | |
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FORWARD-LOOKING STATEMENTS
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| | | | 3 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | 3 | | |
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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| | | | 4 | | |
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RISK FACTORS
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| | | | 5 | | |
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OUR COMPANY
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| | | | 6 | | |
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USE OF PROCEEDS
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| | | | 7 | | |
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DESCRIPTION OF SENIOR DEBT SECURITIES
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| | | | 8 | | |
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GLOBAL SECURITIES
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| | | | 18 | | |
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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| | | | 24 | | |
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EXPERTS
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| | | | 24 | | |
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Nine Months Ended
September 30, |
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Year Ended December 31,
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2025
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2024
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2024
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2023
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2022
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(in millions)
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(unaudited)
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(audited)
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| Statements of Income Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Net sales
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| | | $ | 16,655.7 | | | | | $ | 10,904.9 | | | | | $ | 15,222.7 | | | | | $ | 12,554.7 | | | | | $ | 12,623.0 | | |
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Cost of sales
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| | | | 10,599.1 | | | | | | 7,245.9 | | | | | | 10,083.0 | | | | | | 8,470.6 | | | | | | 8,594.8 | | |
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Selling, general and administrative expenses
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| | | | 1,854.7 | | | | | | 1,340.4 | | | | | | 1,855.4 | | | | | | 1,489.9 | | | | | | 1,420.9 | | |
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Operating income
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| | | | 4,154.9 | | | | | | 2,203.2 | | | | | | 3,156.9 | | | | | | 2,559.6 | | | | | | 2,585.8 | | |
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Net income attributable to APH
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| | | $ | 3,074.8 | | | | | $ | 1,677.8 | | | | | $ | 2,424.0 | | | | | $ | 1,928.0 | | | | | $ | 1,902.3 | | |
| Non-GAAP Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Adjusted operating income(a)
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| | | $ | 4,279.7 | | | | | $ | 2,336.8 | | | | | $ | 3,302.5 | | | | | $ | 2,594.2 | | | | | $ | 2,607.3 | | |
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Adjusted net income attributable to APH(a)
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| | | $ | 3,018.5 | | | | | $ | 1,686.9 | | | | | $ | 2,382.1 | | | | | $ | 1,870.4 | | | | | $ | 1,864.7 | | |
| Statements of Cash Flow and Other Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Net cash provided by operating activities from continuing operations
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| | | $ | 3,652.5 | | | | | $ | 1,967.6 | | | | | $ | 2,814.7 | | | | | $ | 2,528.7 | | | | | $ | 2,174.6 | | |
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Net cash used in investing activities from continuing operations
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| | | $ | (3,578.6) | | | | | $ | (2,398.2) | | | | | $ | (2,648.6) | | | | | $ | (1,393.7) | | | | | $ | (731.1) | | |
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Net cash provided by (used in) financing activities from continuing operations
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| | | $ | 346.0 | | | | | $ | 515.8 | | | | | $ | 1,729.9 | | | | | $ | (1,012.4) | | | | | $ | (1,196.7) | | |
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Capital expenditures
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| | | $ | (742.9) | | | | | $ | (465.6) | | | | | $ | (665.4) | | | | | $ | (372.8) | | | | | $ | (383.8) | | |
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As of
September 30, |
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As of December 31,
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2025
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2024
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2023
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2022
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(in millions)
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(unaudited)
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(audited)
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| Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
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Cash and cash equivalents
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| | | $ | 3,799.3 | | | | | $ | 3,317.0 | | | | | $ | 1,475.0 | | | | | $ | 1,373.1 | | |
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Short-term investments
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| | | | 88.8 | | | | | | 18.4 | | | | | | 185.2 | | | | | | 61.1 | | |
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Working capital(b)
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| | | | 6,400.0 | | | | | | 5,602.2 | | | | | | 3,682.6 | | | | | | 3,803.0 | | |
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Total assets
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| | | | 27,143.0 | | | | | | 21,440.2 | | | | | | 16,526.4 | | | | | | 15,326.2 | | |
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Total debt(c)
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| | | | 8,067.1 | | | | | | 6,886.1 | | | | | | 4,337.3 | | | | | | 4,577.7 | | |
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Total equity
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| | | | 12,596.7 | | | | | | 9,847.4 | | | | | | 8,395.8 | | | | | | 7,073.5 | | |
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Nine Months Ended September 30,
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Year ended December 31,
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2025
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2024
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2024
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2023
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2022
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(in millions)
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Operating
Income |
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Net Income
attributable to APH |
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Operating
Income |
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Net Income
attributable to APH |
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Operating
Income |
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Net Income
attributable to APH |
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Operating
Income |
| |
Net Income
attributable to APH |
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Operating
Income |
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Net Income
attributable to APH |
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Reported (GAAP)
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| | | $ | 4,145.9 | | | | | $ | 3,074.8 | | | | | $ | 2,203.2 | | | | | $ | 1,677.8 | | | | | $ | 3,156.9 | | | | | $ | 2,414.0 | | | | | $ | 2,559.6 | | | | | $ | 1,928.0 | | | | | $ | 2,585.8 | | | | | $ | 1,902.3 | | |
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Amortization of acquisition-
related inventory step-up costs |
| | | | 77.8 | | | | | | 59.6 | | | | | | 18.2 | | | | | | 14.0 | | | | | | 18.2 | | | | | | 14.0 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
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Acquisition-related
expenses |
| | | | 56.0 | | | | | | 46.7 | | | | | | 115.4 | | | | | | 95.7 | | | | | | 127.4 | | | | | | 105.3 | | | | | | 34.6 | | | | | | 30.2 | | | | | | 21.5 | | | | | | 18.4 | | |
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Gain on bargain purchase acquisition
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| | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | (5.4) | | | | | | - | | | | | | - | | |
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Excess tax benefits related
to stock-based compensation |
| | | | - | | | | | | (162.6) | | | | | | - | | | | | | (82.0) | | | | | | - | | | | | | (142.6) | | | | | | - | | | | | | (82.4) | | | | | | - | | | | | | (56.0) | | |
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Discrete tax items
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| | | | - | | | | | | - | | | | | | - | | | | | | (18.6) | | | | | | - | | | | | | (18.6) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
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Adjusted (non-GAAP)(1)
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| | | $ | 4,279.7 | | | | | $ | 3,018.5 | | | | | $ | 2,336.8 | | | | | $ | 1,686.9 | | | | | $ | 3,302.5 | | | | | $ | 2,382.1 | | | | | $ | 2,594.2 | | | | | $ | 1,870.4 | | | | | $ | 2,607.3 | | | | | $ | 1,864.7 | | |
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As of September 30, 2025
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(In millions)
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Historical
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Pro Forma
As Adjusted |
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Cash and cash equivalents
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| | | $ | 3,799.3 | | | | | $ | | | |
| Indebtedness(a): | | | | | | | | | | | | | |
| Short-term borrowings including obligations under capital leases: | | | | | | | | | | | | | |
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4.750% Senior Notes due 2026
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| | | | 349.8 | | | | | | 349.8 | | |
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0.750% Euro Senior Notes due 2026 of Amphenol Technologies Holding GmbH(b)
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| | | | 586.8 | | | | | | 586.8 | | |
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364-day delayed draw term loan
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| | | | - | | | | | | 2,000.0 | | |
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Other
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| | | | 1.9 | | | | | | 1.9 | | |
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Short-term deferred debt issuance costs
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| | | | (0.9) | | | | | | (0.9) | | |
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Total short-term borrowings
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| | | | 937.6 | | | | | | 2,937.6 | | |
| Long-term debt including obligations under capital lease: | | | | | | | | | | | | | |
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Revolving credit facility
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| | | $ | - | | | | | $ | - | | |
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Three-year delayed draw term loan
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| | | | - | | | | | | 2,000.0 | | |
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U.S. Commercial Paper Program
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| | | | - | | | | | | - | | |
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Euro Commercial Paper Program issued by Amphenol Technologies Holding
GmbH(b) |
| | | | - | | | | | | - | | |
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5.050% Senior Notes due 2027
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| | | | 701.4 | | | | | | 701.4 | | |
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4.375% Senior Notes due 2028
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| | | | 749.4 | | | | | | 749.4 | | |
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5.050% Senior Notes due 2029
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| | | | 449.7 | | | | | | 449.7 | | |
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4.350% Senior Notes due 2029
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| | | | 499.8 | | | | | | 499.8 | | |
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2.800% Senior Notes due 2030
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| | | | 899.7 | | | | | | 899.7 | | |
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2.200% Senior Notes due 2031
|
| | | | 748.4 | | | | | | 748.4 | | |
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3.125% Euro Senior Notes due 2032(b)
|
| | | | 699.2 | | | | | | 699.2 | | |
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5.250% Senior Notes due 2034
|
| | | | 599.5 | | | | | | 599.5 | | |
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5.000% Senior Notes due 2035
|
| | | | 746.6 | | | | | | 746.6 | | |
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5.375% Senior Notes due 2054
|
| | | | 492.4 | | | | | | 492.4 | | |
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As of September 30, 2025
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(In millions)
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Historical
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Pro Forma
As Adjusted |
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2.000% Euro Senior Notes due 2028 of Amphenol Technologies Holding GmbH(b)
|
| | | | 586.1 | | | | | | 586.1 | | |
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% Floating Rate Senior Notes due 20 offered hereby
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| | | | - | | | | | | | | |
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% Senior Notes due 20 offered hereby
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| | | | - | | | | | | | | |
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% Senior Notes due 20 offered hereby
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| | | | - | | | | | | | | |
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% Senior Notes due 20 offered hereby
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| | | | - | | | | | | | | |
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% Senior Notes due 20 offered hereby
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| | | | - | | | | | | | | |
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% Senior Notes due 20 offered hereby
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| | | | - | | | | | | | | |
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% Senior Notes due 20 offered hereby
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Other
|
| | | | 0.3 | | | | | | 0.3 | | |
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Long-term deferred debt issuance costs
|
| | | | (43.0) | | | | | | | | |
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Total long-term debt
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| | | $ | 7,129.5 | | | | | $ | | | |
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Total indebtedness
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| | | $ | 8,067.1 | | | | | $ | | | |
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Total equity
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| | | $ | 12,596.7 | | | | | $ | 12,596.7 | | |
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Total capitalization
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| | | $ | 20,663.8 | | | | | $ | | | |
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Underwriters
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Principal
Amount of Floating Rate Notes |
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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Principal
Amount of 20 Notes |
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J.P. Morgan Securities LLC
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| | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | |||||||
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BNP Paribas Securities Corp.
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Mizuho Securities USA LLC
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BofA Securities, Inc.
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Citigroup Global Markets Inc.
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TD Securities (USA) LLC
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Barclays Capital Inc.
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Commerz Markets LLC
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Goldman Sachs & Co. LLC
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HSBC Securities (USA) Inc.
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Total
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| | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | ||||||
| | | |
Underwriting Discount Paid
by the Company |
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Per note
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Total
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Floating Rate Notes
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| | | | % | | | | | $ | | | |
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20 notes
|
| | | | % | | | | | $ | | | |
|
20 notes
|
| | | | % | | | | | $ | | | |
|
20 notes
|
| | | | % | | | | | $ | | | |
|
20 notes
|
| | | | % | | | | | $ | | | |
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20 notes
|
| | | | % | | | | | $ | | | |
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20 notes
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| | | | % | | | | | $ | | | |
|
Combined Total
|
| | | | | | | | | $ | | | |
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Page
|
| |||
|
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 3 | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 4 | | |
|
RISK FACTORS
|
| | | | 5 | | |
|
OUR COMPANY
|
| | | | 6 | | |
|
USE OF PROCEEDS
|
| | | | 7 | | |
|
DESCRIPTION OF SENIOR DEBT SECURITIES
|
| | | | 8 | | |
|
GLOBAL SECURITIES
|
| | | | 18 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 22 | | |
|
LEGAL MATTERS
|
| | | | 24 | | |
|
EXPERTS
|
| | | | 24 | | |