RELEASE: Belden announces expiration and final results of its tender offers for any and all of the outstanding senior subordinated notes

Belden Inc. (NYSE: BDC) (“Belden”) today announced the final results of its previously announced tender offers (each, a “Tender Offer,” and collectively, the “Tender Offers”) to purchase any and all of its outstanding (i) 5.5% senior subordinated notes due 2023 (the “2023 Notes”) and (ii) 5.25% senior subordinated notes due 2024 (the “2024 Notes” and together with the 2023 Notes, the “Notes”), which commenced on March 6, 2018 and is described in the offer to purchase dated March 6, 2018. The Tender Offers expired at 5:00 p.m., New York City Time, on March 12, 2018 (the “Expiration Time”).

On March 13, 2018, Belden announced that it had received tenders from holders of €143,114,000 aggregate principal amount, representing 71.56% of the aggregate principal outstanding, of the 2023 Notes and tenders from holders of $188,709,000 aggregate principal amount, representing 94.35% of the aggregate principal outstanding, of the 2024 Notes as of the Expiration Time. Belden expects to accept for purchase and pay for all Notes validly tendered prior to the Expiration Time on March 14, 2018, subject to the satisfaction of the conditions to the Tender Offers, including closing of its recently announced offering of senior subordinated notes. No 2023 Notes or 2024 Notes remain subject to guaranteed delivery procedures.

Belden has given notice that it will redeem all of its outstanding Notes not tendered in the Tender Offers. The redemption of the remaining Notes is scheduled to occur on April 5, 2018. The redemption price will be a “make-whole” redemption price calculated in accordance with the indentures governing the Notes, based on specified bund and treasury rates, as applicable, that will be determined prior to the redemption date.

Copies of the Offer to Purchase and the Notice of Guaranteed Delivery are also available at the following web address:

About Belden

Belden delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today’s applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia.

26 thoughts on “RELEASE: Belden announces expiration and final results of its tender offers for any and all of the outstanding senior subordinated notes

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