logo
  

Belden To Privately Place 300 Mln Euro Senior Subordinated Notes

Belden Inc. (BDC), a global supplier of specialty networking solutions, on Wednesday announced its plan to offer 300 million euros worth senior subordinated notes due 2031 in a private offering.


The St Louis-headquartered company intends to use the net proceeds from the issue to fund the redemption in full of its 2.875% senior subordinated notes due 2025.


Initial purchasers may engage in stabilizing transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail and any such stabilization action must be conducted in accordance with all applicable laws and rules.

On July 13, shares of Belden closed at $48.97, down $1.24 or 2.47 percent from its previous close.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
RELATED NEWS
Follow RTT