debt
confidence high
sentiment neutral
materiality 0.60
Belden prices €300M 3.375% notes due 2031, will redeem 2.875% notes due 2025
BELDEN INC.
- €300M aggregate principal of 3.375% Senior Subordinated Notes due 2031 priced at par.
- Net proceeds plus cash on hand to redeem all outstanding 2.875% Senior Subordinated Notes due 2025.
- Notes offering expected to close July 28, 2021; redemption date for 2025 notes targeted at September 15, 2021.
- Issue price 100% of principal; Deutsche Bank AG, London Branch acted as representative of initial purchasers.