Belden Raises €300M Via Private Offering Of 3.375% Senior Subordinated Notes

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.

Momentum71.39

Growth48.22

Quality78.46

Value28.07

Short

Medium

Long