Belden Inc. intends to offer €450 million in aggregate principal amount of senior subordinated notes due 2033 for sale in a private offering.
The net proceeds from the Notes Offering will be used along with cash on hand to fund the redemption in full of its 3.375% senior subordinated notes due 2027.
The Notes to be offered have not been registered under the Securities Act of 1933, and are being offered to qualified institutional buyers under Rule 144A and outside the United States to non-U.S. persons under Regulation S.
Notes Offering
Belden Inc. plans to offer €450 million in senior subordinated notes due 2033 to eligible purchasers in a private offering.
Use of Proceeds
The net proceeds from the offering, along with cash on hand, will fund the redemption of the 3.375% senior subordinated notes due 2027.
Regulatory Compliance
The Notes being offered are not registered under the Securities Act of 1933 and are limited to qualified institutional buyers and non-U.S. persons under Regulation S.
- Belden Inc. aims to strengthen its financial position through the private offering of senior subordinated notes.
- The funding of the redemption of existing notes demonstrates a strategic financial decision to manage debt obligations effectively.
The announcement of the private offering of senior subordinated notes reflects Belden Inc.'s proactive approach to managing its capital structure and optimizing its financial resources.