Belden Announces Pricing of $1.85 Billion Senior Secured Term Loan B Facility
Belden Inc. (NYSE:BDC) ("Belden" or the "Company"), a leading global supplier of specialty networking solutions, announced today that it has successfully syndicated and priced a new $1.85 billion aggregate principal amount senior secured term loan B due 2033 (the "Facility").The loans under the Facility will be issued at a price equal to 99.75% of their face value (or with an original issue discount of 0.25%) and bear interest at SOFR plus 2.25%, with closing expected concurrent with and subject to the consummation of the Company's previously announced pending acquisition (the "Acquisition") of RUCKUS Networks ("RUCKUS") subject to the satisfaction of customary closing conditions.
Belden
