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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:
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Belden | |||
| Dee Johnson | ||||
| 314.854.8054 | ||||
For Immediate Release — March 13, 2007
BELDEN ANNOUNCES PRICING OF SENIOR SUBORDINATED NOTES OFFERING
$350 Million of 7% Senior Subordinated Notes due 2017
ST. LOUIS, Missouri—Belden (NYSE: BDC) announced today the pricing of its
private offering of $350 million aggregate principal amount of senior
subordinated notes due 2017 at 7%. Belden expects this offering to close on
March 16, 2007. The notes will mature on March 15, 2017. The notes will be
guaranteed on a senior subordinated basis by certain of Belden’s current and
future material domestic subsidiaries. The notes will rank senior to Belden’s
convertible subordinated debentures and equal in right of payment with any of
Belden’s future senior subordinated debt, and will be subordinated to all of
Belden’s and the subsidiary guarantors’ senior debt, including Belden’s senior
secured credit facility.
Belden will have the option to redeem all or a portion of the notes at any
time on or after March 15, 2012 at specified redemption prices. In addition,
at any time prior to March 15, 2012, Belden may redeem all or a part of the
notes at a redemption price equal to 100% of the principal amount thereof plus
a specified applicable premium. At any time before March 15, 2010, Belden may
also redeem up to 35% of the aggregate principal amount of the notes at a
redemption price of 107% of the principal amount, plus accrued and unpaid
interest, if any, to the date of redemption, with the proceeds of certain
equity offerings.
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 in reliance on 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