Belden to sell €200 million 10-year senior subordinated notes Tuesday

By Paul A. Harris

Portland, Ore., Oct. 4 – Belden Inc. announced in a Tuesday press release that it intends to offer €200 million of senior subordinated notes due 2026 in a private offering, subject to market conditions.

Stabilization manager Deutsche Bank AG, London branch disclosed that the stabilization period for the notes is expected to begin Tuesday and is expected to conclude on Nov. 4.

Belden, a St. Louis-based manufacturer of networking, connectivity and cable products, intends to use the proceeds, along with cash on hand, to pay off its term loan credit agreement.

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