ST. LOUIS--(BUSINESS WIRE)--
Belden Inc. (NYSE: BDC) today announced the pricing of its private
offering of €200 million in aggregate principal amount of 4.125% senior
subordinated notes due 2026 at an issue price of 100% of the principal
amount. Belden expects this offering to close on October 10, 2016,
subject to customary closing conditions. The notes will be guaranteed on
a senior subordinated basis by certain of Belden’s current and future
domestic subsidiaries that guarantee Belden’s indebtedness under its
revolving credit agreement.
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 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.
Forward Looking Statements
This press release includes "forward-looking statements." All statements
other than statements of historical facts included herein may constitute
forward-looking statements. Actual results could vary significantly from
those expressed or implied in such statements and are subject to a
number of risks and uncertainties. Although Belden believes that the
expectations reflected in the forward-looking statements are reasonable,
Belden can give no assurance that such expectations will prove to be
correct. The forward-looking statements involve risks and uncertainties
that affect operations, financial performance, and other factors, as
discussed in filings with the Securities and Exchange Commission. Among
the factors that could cause results to differ materially are those
risks discussed in the periodic reports filed with the SEC, including
Belden’s Annual Report on Form 10-K for the year ended December 31,
2015. You are urged to carefully review and consider the cautionary
statements and other disclosures made in those filings, specifically
those under the heading "Risk Factors." Belden does not undertake any
duty to update any forward-looking statement except as required by law.
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Source: Belden Inc.