ST. LOUIS--(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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Source: Belden Inc.