Belden Announces €200 Million Private Offering of Senior Subordinated Notes
October 04 2016 - 2:00AM
Business Wire
Belden Inc. (NYSE: BDC) today announced that, subject to market
conditions, it intends to offer €200 million in aggregate principal
amount of senior subordinated notes due 2026 for sale to eligible
purchasers in a private offering (the “Notes Offering”).
Belden intends to use the net proceeds of the Notes Offering and
cash on hand to repay in full and terminate its term loan credit
agreement.
The securities to be offered have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”) or any
state securities laws; and unless so registered, the securities may
not be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. The notes are expected to be eligible for
resale to qualified institutional buyers under Rule 144A and
non-U.S. persons under Regulation S. This announcement shall not
constitute an offer to sell or a solicitation of an offer to buy
any of these securities nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
About Belden
Belden Inc. delivers a comprehensive product portfolio designed
to meet the mission-critical network infrastructure needs of
industrial, enterprise and broadcast markets. With innovative
solutions targeted at reliable and secure transmission of rapidly
growing amounts of data, audio and video needed for today's
applications, Belden is at the center of the global transformation
to a connected world. Founded in 1902, the company is headquartered
in St. Louis and has manufacturing capabilities in North and South
America, Europe and Asia.
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