Cash Tender Offer for Any & All Belden 5.5% Senior Subordinated Notes Due 2022
ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC) today announced that it has commenced a cash tender offer to purchase any and all of its outstanding 5.5% senior subordinated notes due 2022 (the “2022 Notes”). As of June 27, 2017, there was $700 million aggregate principal amount of the 2022 Notes outstanding. The tender offer is being made pursuant to an offer to purchase, dated today, and a related letter of transmittal and notice of guaranteed delivery. The tender offer will expire at 5:00 p.m., New York City Time, on July 5, 2017, unless extended or earlier terminated (the “Expiration Time”). Tendered 2022 Notes may be withdrawn at any time before the Expiration Time.
Holders that validly tender their 2022 Notes prior to the Expiration Time, or who deliver to the information agent a properly completed and duly executed notice of guaranteed delivery and subsequently deliver such 2022 Notes, each in accordance with the instructions described in the offer to purchase, will receive total cash consideration of
The tender offer is conditioned upon, among other things, Belden’s successful completion of a proposed issuance (the “Notes Offering”) of debt securities in an aggregate principal amount of at least €400 million (equivalent to approximately
The tender offer is being made pursuant to the terms and conditions contained in the offer to purchase and related letter of transmittal and notice of guaranteed delivery, copies of which may be requested from the information agent for the tender offer,
Persons with questions regarding the tender offer should contact the dealer manager for the tender offer,
This news release does not constitute an offer to purchase or the solicitation of an offer to sell the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
About Belden
Forward Looking Statements
This press release includes "forward-looking statements." All statements other than statements of historical facts included herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although Belden believes that the expectations reflected in the forward-looking statements are reasonable, Belden can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance and other factors, as discussed in filings with the