Belden gives tender response for 5¼%, 5½% notes, calls remainder

New York, March 13 – Belden Inc. said it received tenders for €143,114,000, or 71.56%, of its €200 million of 5½% senior subordinated notes due 2023 and $188,709,000, or 94.35%, of its $200 million of 5¼% senior subordinated notes due 2024.

All remaining notes will be redeemed on April 5, the company added in a news release.

The separate cash tender offers ended at 5 p.m. ET on March 12.

Belden will purchase all tendered notes on the settlement date of March 14, subject to the satisfaction of conditions, including the closing of its offering of €350 million of new notes.

As announced on March 6, the cash purchase price will be €1,032.50 for each €1,000 principal amount of 2023 notes and $1,059 for each $1,000 principal amount of 2024 notes.

Holders also will receive accrued interest to but excluding the settlement date.

The April 5 redemption of the notes left outstanding will be carried out using the securities’ make-whole call provisions.

The dealer manager for the tender is Deutsche Bank (855 287-1922, 212 250-7527 or +44 20 7545 8011).

D.F. King & Co., Inc. (212 269-5552, 212 269-5550, 888 628-9011, belden@dfkingltd.com or https://sites.dfkingltd.com/belden) is the information and tender agent for the 2024 notes. D.F. King Ltd. (+44 20 7920 9700, +852 3953 7230, belden@dfkingltd.com or https://sites.dfkingltd.com/belden) is the information and tender agent for the 2023 notes.

Belden is a St. Louis-based designer, manufacturer and seller of signal transmission solutions for industrial automation, data centers, broadcast studios and aerospace markets.

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