New Issue-Belden Inc sells $200 mln in 10-yr snr sub notes

Wed Jun 24, 2009 8:14pm EDT
 
[-] Text [+]
  June 24 (Reuters) - Cable manufacturer Belden Inc (BDC.N) late on Wednesday sold $200 million of 10-year senior subordinated notes in the 144a private placement market, said IFR, a Thomso
536870914
1847612005
  Wachovia, Bank of America, and Citigroup were the joint bookrunning managers for the sale.
BORROWER: BELDEN INC
AMT $200 MLN*     COUPON 9.25 PCT     MATURITY 6/15/2019 
TYPE SR SUB NTS   ISS PRICE 96.866    FIRST PAY 12/15/2009
MOODY'S Ba2       YIELD 9.75 PCT      SETTLEMENT 6/29/2009
S&P B-PLUS        SPREAD 606 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YEARS**
 *$193.732 MLN PROCEEDS TO ISSUER
**CALL SCHEDULE: 104.625, 103.083, 101.542, 100
  EQUITY CLAW: 3-YR 35 PCT AT 109.25
  MAKE-WHOLE CALL 50 BPS

 

Companies In This Article

Featured Broker sponsored link