Molex Electronic Technologies LLC's Proposed Senior Unsecured Notes Rated 'A-'

New York (S&P Global Ratings) April 16, 2025--S&P Global Ratings today assigned its 'A-' issue-level rating to the new senior unsecured notes proposed by U.S.-based interconnect, cable assembly, and sensor products manufacturer Molex Electronic Technologies LLC . The company intends to use the net proceeds for general corporate purposes, which may include repaying outstanding debt, working capital requirements, and capital expenditures. We expect AI data center investments to continue supporting growing revenues in Molex?s Datacom&Specialty Solutions segment in 2025. In addition to contributions from recent tuck-in acquisitions, we expect total revenue growth of up to the mid-teens area this year. We also expect a potential slight reduction in S&P Global Ratings? adjusted EBITDA margins to about 20% and

...April 16, 2025 New York (S&P Global Ratings) April 16, 2025--S&P Global Ratings today assigned its 'A-' issue- level rating to the new senior unsecured notes proposed by U.S.-based interconnect, cable assembly, and sensor products manufacturer Molex Electronic Technologies LLC. The company intends to use the net proceeds for general corporate purposes, which may include repaying outstanding debt, working capital requirements, and capital expenditures. We expect AI data center investments to continue supporting growing revenues in Molex's Datacom & Specialty Solutions segment in 2025. In addition to contributions from recent tuck-in acquisitions, we expect total revenue growth of up to the mid-teens area this year. We also expect a potential slight reduction in S&P Global Ratings' adjusted EBITDA margins to about 20% and greater capital expenditures as the company invests in increasing production capacity to meet data center-related demand. With a greater debt balance post transaction and...

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