Belden may call 4% convertible debentures as early as July 21

By Jennifer Chiou

New York, Feb. 29 - Belden Inc. may call some or all of its $110 million of 4% convertible subordinated debentures due 2023 on or after July 21, according to a 10-K filed with the Securities and Exchange Commission.

If the debentures are called for redemption, holders will have the right to tender the securities for conversion. Upon conversion, the company said that it will be obligated to pay for the $110 million of debentures in cash and will pay any excess consideration in shares.

The company also said that it has $350 million of 7% senior subordinated notes due 2017 outstanding as of Dec. 31.

Belden is a St. Louis-based designer, manufacturer and marketer of signal transmission products for data networking, as well as for consumer electronics, industrial, security and aerospace applications.

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