ST. LOUIS--Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, today announced that subject to market conditions, it intends to offer $550 million in aggregate principal amount of senior subordinated notes due 2022 (the 2022 Notes) for sale to eligible purchasers in a private offering (the Notes Offering).
Belden intends to use the net proceeds from the Notes Offering to fund a portion of its pending tender offers for any and all of its outstanding 7.0% Senior Subordinated Notes due 2017 (the 2017 Notes) and any and all of its outstanding 9.25% Senior Subordinated Notes due 2019 (the 2019 Notes). To the extent any 2017 Notes or 2019 Notes are not tendered or Belden's tender offers are not consummated, any remaining net proceeds will be used to provide additional working capital for general corporate purposes.
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