Belden talks €200 million 10-year notes to yield 5½%-5¾%

By Paul A. Harris

Portland, Ore., March 13 - Belden Inc. talked its €200 million offering of 10-year senior subordinated notes (Ba2/B+) to yield 5½% to 5¾%, a market source said on Wednesday.

The deal is expected to price on Thursday.

Joint bookrunner Deutsche Bank will bill and deliver. Goldman Sachs, JPMorgan and Wells Fargo are also joint bookrunners. Stephens is the co-manager.

The Rule 144A and Regulation S notes come with five years of call protection.

Proceeds will be used to repay revolver debt and for general corporate purposes.

St. Louis-based Belden is a provider of signal transmission solutions for mission critical applications.

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