Commentary & Deal Flow

Belden Inc (BDC) EUR450m 144A/Reg S sr sub notes due 2033 (7y). NC3. Ba3/(existing BB-) (stable/stable). Via JPM (B&D)/WFS jt glocos and physical books/GS jt books, Citi, HSBC, TSI, USB as co-managers. No reg rights. List Dublin. NY law. Denoms: 100kx1k. Roadshow (small group meetings) 01/12-13 (investor call at 1pm UKT 01/12). UOP: along with cash on hand, to redeem its EUR450m 3.375% sr sub notes due 07/15/27 (callable at 100). Biz: a leading designer, manufacturer and supplier of connectivity, signal transmission and specialty networking products (cables, connectors, components and software) for the global network communication and specialty electronic marketplaces. HQ: St Louis, MO.

Netroadshow direct link: https://www.netroadshow.com/events/login/LE9zwo3gn5LJesebw4BxH2AEdtIb3mdS2I5.