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Belden to price $200 million offering of 10-year notes Wednesday
By Paul A. Harris
St. Louis, June 23 - Belden Inc. will host an investor call at 10 a.m. ET on Wednesday for its $200 million offering of 10-year senior subordinated notes (Ba2/B+/), according to an informed source.
The deal is expected to price later Wednesday.
Wachovia Securities LLC and Citigroup Global Markets Inc. are joint bookrunners for the Rule 144A and Regulation S offering.
The notes will come with five years of call protection.
Proceeds will be used to repay existing debt under the company's senior secured credit facility.
Belden is a St. Louis-based signal transmission solutions provider to businesses.
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