debt
confidence high
sentiment neutral
materiality 0.50
Belden issues €300M of 3.375% Senior Subordinated Notes due 2031
BELDEN INC.
- €300 million aggregate principal amount of 3.375% Senior Subordinated Notes due July 15, 2031.
- Issued at par; interest payable semi-annually on Jan 15 and Jul 15 starting Jan 15, 2022.
- Notes are subordinated to all senior debt, including revolving credit facility; guaranteed by domestic subsidiaries.
- Belden may redeem notes at specified prices on or after July 15, 2026; up to 35% may be redeemed before July 15, 2024 with equity proceeds.
- Holders may require repurchase at 101% upon a change of control triggering event.