Benzinga | Jul 15, 2021 11:09AM EDT

Belden Raises 300M Via Private Offering Of 3.375% Senior Subordinated Notes

* Belden Inc. (NYSE:BDC) has priced the private offering of (euro)300 million in aggregate principal amount of 3.375% senior subordinated notes due 2031 at an issue price of 100% of their principal amount.

* Net proceeds from the notes offering along with cash on hand will be used to fund the redemption in full of its 2.875% senior subordinated notes due 2025.

* The company expects the redemption date for the 2025 Notes to be on or about September 15, 2021.

* The company expects the offering to close on July 28, 2021.

* Price action: BDC shares traded lower by 1.33 % at $47.65 on the last check Thursday.