Belden talks $350 million 10-year senior subordinated notes at 7%-7¼%

By Paul A. Harris

St. Louis, March 12 - Belden CDT Inc. set price talk for its $350 million offering of 10-year senior subordinated notes (Ba2/BB-) at 7% to 7¼% on Monday, according to informed sources.

The Rule 144A and Regulation S with registration rights offering is expected to price on Tuesday afternoon.

Wachovia Securities is the bookrunner. UBS Investment Bank is the co-manager.

The notes come with five years of call protection.

Proceeds will be used to finance the acquisition of LTK Wiring Co., a Hong Kong-based manufacturer of electronic cable.

Belden is a St. Louis-based signal transmission products company.

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