Belden Announces EUR 300m Private Offering of Senior Subordinated Notes

Belden Inc. (NYSE: BDC) has announced that, subject to market conditions, it intends to offer EUR 300 million in aggregate principal amount of senior subordinated notes due 2025 for sale to eligible purchasers in a private offering, the company said.

Belden intends to use the net proceeds from the Notes Offering along with cash on hand to fund its concurrent cash tender offer for up to €300 million in aggregate principal amount of its outstanding 5.5% senior subordinated notes due 2023 (“2023 Notes”).

To the extent Belden purchases less than EUR 300 million aggregate principal amount of the 2023 Notes in the tender offer, it intends to redeem an amount of the 2023 Notes, which when combined with the 2023 Notes tendered and purchased in the tender offer, will equal EUR 300 million. The Notes Offering is not conditioned on the consummation of the tender offer at any minimum level of acceptance.

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.