Molex Launches Tender Offer for 3.900% Senior Notes due 2025
Molex Electronic Technologies, LLC (“Molex”), recognized for its global leadership in electronics, announces the initiation of a cash tender offer targeting the complete acquisition of its 3.900% Senior Notes due in 2025. This strategic financial maneuver is conducted under the terms and conditions meticulously outlined in the Offer to Purchase, accompanied by a Notice of Guaranteed Delivery, collectively referred to as the “Offer Documents.”
The offer underscores Molex’s proactive approach to managing its financial portfolio, ensuring the company remains robustly positioned to fuel its continuous growth and innovation in the electronics sector. Throughout the tender offer process, Molex emphasizes seamless transactions for holders of the Notes, offering them a prompt and fair value for their investments along with accrued and unpaid interest up until the settlement date, further detailed in the Offer to Purchase.
To participate in the Offer, note holders must validly tender their Notes by the expiration deadline unless withdrawn earlier, as per the guidelines provided in the Offer Documents. The pricing for the tender offer will align with a fixed spread plus the yield to maturity on the identified Treasury Reference Security, calculated at a specified time and date mentioned in the Offer Documents.
With the intricate details of the tender offer, Molex ensures transparency and provides ample resources for note holders to understand the terms of the Offer. D.F. King & Co., Inc. has been appointed to serve as the tender and information agent, facilitating communications and processing tender submissions. Furthermore, SMBC Nikko Securities America, Inc., alongside Wells Fargo Securities, LLC, have been entrusted as the dealer managers, bringing their deep financial expertise to oversee the offer’s execution.
In its commitment to maintaining high levels of integrity and compliance, Molex elucidates that the Offer is being exclusively orchestrated following the stipulated Offer Documents. It’s important to note, the offer is not extended in jurisdictions where it’s not permissible by the securities laws, therefore upholding the legal framework of securities exchange.
About Molex
Molex stands as a beacon of innovation within the global electronics landscape, dedicated to connecting individuals and industries by pioneering technology advancements. With its operations sprawling across more than 40 countries, Molex’s footprint in automotive, healthcare, 5G, cloud services, and consumer devices continues to drive the future of connectivity. Through enduring partnerships, exceptional engineering prowess, and unwavering commitment to quality and reliability, Molex envisions crafting connections that power life’s infinite possibilities.
Forward-Looking Statements
This announcement includes projections and statements that could be construed as “forward-looking statements,” involving judgements based on current market conditions. Such forward-looking statements are naturally subject to risks, uncertainties, and assumptions that might not align with Molex’s anticipations, potentially altering the projected outcomes significantly. Despite the foundation of these predictions on what Molex deems as reasonable assumptions, there is no guarantee that the expected results will materialize. The forward-looking statements cover various risk areas, including market, operational, and economic fluctuations, which could impact the success of the tender offer among other corporate initiatives.
Molex stands committed to its strategic priorities, underpinned by prudent financial management practices aimed at delivering value to its stakeholders and fortifying its market position amidst dynamic industry challenges.
