Belden Issues and Sale of €300 Million Aggregate Principal Amount of 3.375% Senior Subordinated Notes Due 2031
July 20, 2021 at 01:32 am IST
On July 14, 2021, Belden Inc. and certain of its subsidiaries (the “Guarantors”) entered into a Purchase Agreement (the “Purchase Agreement”) with Deutsche Bank AG, London Branch, as representative for the initial purchasers listed on Schedule I thereto (the “Initial Purchasers”), providing for the issuance and sale of €300 million aggregate principal amount of 3.375% Senior Subordinated Notes due 2031 (the “Notes” and such offering, the “Notes Offering”) in an offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were issued at par, and the offering of the Notes is expected to close on July 28, 2021. The Company intends to use the net proceeds from the offering of the Notes, along with cash on hand, to fund the redemption in full of its 2.875% senior subordinated notes due 2025 (the “2025 Notes”), pursuant to the terms of the Indenture relating to the 2025 Notes (the “Redemption”).