Wallingford-based Amphenol Corp. announced Wednesday that it has refinanced its senior credit facility.
The new senior credit agreement includes 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 outstanding debt under the company’s previous senior unsecured credit facility, and for working capital purposes.
Amphenol, which is one of the world’s leading producers of electronic and fiber optic connectors, cable and interconnect systems, incurred an approximately $500,000 one-time expense as part of the deal.
