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Belden tenders for €200 million 5½% notes, $200 million 5¼% notes
By Susanna Moon
Chicago, March 6 – Belden Inc. said it is tendering for its €200 million 5½% senior subordinated notes due 2023 and $200 million 5¼% senior subordinated notes due 2024.
The separate cash tender offers will remain open until 5 p.m. ET on March 12.
The cash purchase price will be €1,032.50 for each €1,000 principal amount of 2023 notes and $1,059 for each $1,000 principal amount of 2024 notes.
Holders also will receive accrued interest to but excluding the settlement date, which is expected to be March 14.
The tender offers are conditioned upon Belden closing the sale of at least €350 million of debt securities.
Belden plans to exercise its option to redeem any remaining notes on April 5.
D.F. King & Co., Inc. (212 269-5552, 212 269-5550, 888 628-9011, belden@dfkingltd.com or https://sites.dfkingltd.com/belden) is the information and tender agent for the 2024 notes. D.F. King Ltd. (+44 20 7920 9700, +852 3953 7230, belden@dfkingltd.com or https://sites.dfkingltd.com/belden) is the information and tender agent for the 2023 notes.
The dealer manager is Deutsche Bank (855 287-1922, 212 250-7527 or +44 20 7545 8011).
Belden is a St. Louis-based designer, manufacturer and seller of signal transmission solutions for industrial automation, data centers, broadcast studios and aerospace markets.
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