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7701 Forsyth Boulevard Suite 800 St. Louis, Missouri 63105 |
Phone: 314.854.8000 Fax: 314.854.8003 |
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| www.Belden.com |
News Release
| From: | Belden Dee Johnson 314.854.8054 |
For Immediate Release — March 2, 2007
BELDEN TO OFFER SENIOR SUBORDINATED NOTES
ST. LOUIS, Missouri—Belden (NYSE: BDC) announced today that it is planning to
offer $350 million aggregate principal amount of senior subordinated notes due
2017. Belden intends to use the net proceeds from this offering to finance the
acquisition of LTK Wiring Company Limited and certain of its affiliates, repay
existing debt under its senior secured credit facility, pay related fees and
expenses and for general corporate purposes. The notes will be unsecured
senior subordinated obligations of Belden and will be guaranteed on a senior
subordinated basis by its current and future material domestic subsidiaries.
The notes will bear interest at a fixed rate.
The notes will be offered in the United States to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and
outside the United States pursuant to Regulation S under the Securities Act.
The notes have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration or an applicable
exemption from the registration requirements.
This news release is neither an offer to sell nor the solicitation of an offer
to buy the notes or any other securities and shall not constitute an offer,
solicitation or sale in any jurisdiction in which, or to any person to whom,
such an offer, solicitation or sale is unlawful. Any offers of the notes will
be made only by means of a private offering memorandum.
Forward-Looking Statements
Statements in this news release other than historical facts are
“forward-looking statements.” These forward-looking statements are based on
forecasts and projections about the industries served by the company and about
general economic conditions. They reflect management’s beliefs and
expectations. They are not guarantees of future performance and they involve
risk and uncertainty. The company’s actual results may differ materially from
these expectations. Some of the factors that could cause actual results to
differ from expectations include general economic and market conditions and
other factors beyond the company’s control. Please see the Risk Factors in
Belden’s Annual Report on Form 10-K filed March 1, 2007 for additional
information about factors that could cause the company’s results to differ
from expectations. The forward-looking statements contained in this news release include
statements related to the completion of the notes offering. The offering of
the notes is subject to market and other customary conditions and there can be
no assurance that the sale of the notes will ultimately be consummated as
described or at all. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this news
release. Except for its ongoing obligations to disclose material information
under the federal securities laws, Belden