Exhibit (a)(7)
7701 Forsyth Boulevard
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Phone: 314.854.8000 | |
Suite 800
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Fax: 314.854.8003 | |
St. Louis, Missouri 63105 |
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| www.Belden.com |
News Release
From: |
Belden | |
| Dee Johnson | ||
| 314.854.8054 |
For Immediate Release — April 20, 2007
BELDEN ANNOUNCES EXPIRATION AND FINAL RESULTS OF EXCHANGE OFFER FOR ITS 4.00%
CONVERTIBLE SUBORDINATED DEBENTURES DUE 2023
ST. LOUIS, Missouri—Belden (NYSE: BDC) announced today the expiration and
final results of its offer to exchange up to $110 million aggregate principal
amount of its new 4.00% Convertible Subordinated Debentures due 2023, or new
debentures, for an equal aggregate principal amount of its currently
outstanding 4.00% Convertible Subordinated Debentures due 2023, or old
debentures. The exchange offer expired at 5:00 p.m., New York City time, on
April 19, 2007.
$110,000,000 aggregate principal amount of old debentures, representing 100%
of the total outstanding principal amount of the old debentures, were tendered
for exchange. Belden has accepted all validly tendered old debentures and, in
exchange, will issue a like principal amount of new debentures and pay a cash
exchange fee of $6.25 for each $1,000 principal amount of old debentures
exchanged. The new debentures will be issued promptly to holders that
properly tendered old debentures in accordance with the terms of the exchange
offer.
This news release is neither an offer to sell nor the solicitation of an offer
to buy 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.
Forward-Looking Statements
Statements in this 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 exchange offer. 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 disclaims any
duty to update any forward-looking statements as a result of new information,
future developments or otherwise.