Belden plans to sell $200 million 10-year notes in Tuesday drive-by

By Paul A. Harris

Portland, Ore., June 24 – Belden Inc. plans to price a $200 million offering of 10-year senior subordinated notes (expected ratings Ba2/B+) on Tuesday following a late-morning conference call with investors, according to a syndicate source.

Wells Fargo Securities LLC is the left bookrunner. Deutsche Bank Securities Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC are the joint bookrunners.

HSBC is the co-manager.

The Rule 144A and Regulation S for life notes come with five years of call protection.

Proceeds will be used for general corporate purposes.

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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