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- Belden Inc. BDC has priced the private offering of €300 million in aggregate principal amount of 3.375% senior subordinated notes due 2031 at an issue price of 100% of their principal amount.
- Net proceeds from the notes offering along with cash on hand will be used to fund the redemption in full of its 2.875% senior subordinated notes due 2025.
- The company expects the redemption date for the 2025 Notes to be on or about September 15, 2021.
- The company expects the offering to close on July 28, 2021.
- Price action: BDC shares traded lower by 1.33 % at $47.65 on the last check Thursday.
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BDCBelden Inc
$126.284.63%
Edge Rankings
Momentum
72.93
Growth
47.89
Quality
76.76
Value
27.69
Price Trend
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