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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
BDC
Belden Inc€300
1USOA
Jul 14, 2021
currency
EUR
size (m)
300.000
maturity
Jul 15, 2031
type
Fixed
tenor
10.000
call
5.00
registration
144A/Reg S
benchmark
-
ranking
Subordinated
moody's
Ba3
s&p
BB-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
3.50% area
spread
370
coupon
3.375%
spread set
-
price
100.00000
yield
3.375%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Redemption: 2026-07-15; Registration: 144A/Reg S;
Deal Comments
07/14/2021 Belden Inc (BDC) EUR300m 144A/Reg S sr sub notes due 07/15/31 (10y). NC5 (MWC B+50bp), then at 101.6875, 100.8483, 100.4219, 100. Equity claw: 3y 35% at 103.375. Ba3/BB- (stable/stable). Via DB (B&D and sole physical books)/JPM/UBS/WFS jt books, Stifel, Benchmark Co, TSI as co-managers. No reg rights. List Dublin. NY law. Settles 07/28 (T+10). Reg S ISIN: XS236722805. Px talk: 3.50% area (+/- 12.5bp). Priced: 3.375% at 100. +370bp vs DBR 0.0% 08/15/31. Did investor call at 11am UKT 07/14. Books closed at 5pm UKT 07/14. UOP: along with cash on hand, to redeem its EUR300m 2.875% sr sub notes due 09/15/25 on 09/15/21 at 100.719. Biz: a leading designer, manufacturer and supplier of connectivity, signal transmission and specialty networking products (cables, connectors and components) for the global network communication and specialty electronic marketplaces. HQ: St Louis, MO.

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