Item 1.01. Entry into a Material Definitive Agreement. Purchase Agreement OnJuly 14, 2021 ,Belden Inc. ("Belden") and certain of its subsidiaries (the "Guarantors") entered into a Purchase Agreement (the "Purchase Agreement") with Deutsche Bank AG,London Branch, as representative for the initial purchasers listed on Schedule I thereto (the "Initial Purchasers"), providing for the issuance and sale of €300 million aggregate principal amount of 3.375% Senior Subordinated Notes due 2031 (the "Notes" and such offering, the "Notes Offering") in an offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and outsidethe United States to non-U.S. persons in accordance with Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The Notes were issued at par, and the offering of the Notes is expected to close onJuly 28, 2021 . The Company intends to use the net proceeds from the offering of the Notes, along with cash on hand, to fund the redemption in full of its 2.875% senior subordinated notes due 2025 (the "2025 Notes"), pursuant to the terms of the Indenture relating to the 2025 Notes (the "Redemption"). The Purchase Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions whereby Belden and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, have agreed to indemnify each other against certain liabilities. The Initial Purchasers will receive customary commissions and discounts under the Purchase Agreement upon the consummation of the offering of the Notes. Certain of the Initial Purchasers and their respective affiliates have provided, and in the future may provide, investment banking, commercial lending and financial advisory services to Belden and its affiliates, for which they received or will receive customary fees and expenses. Certain of the Initial Purchasers or their affiliates act as agents and/or lenders under Belden's revolving credit agreement. Certain of the Initial Purchasers or their affiliates are holders of the 2025 Notes and, accordingly, may receive a portion of the proceeds of the offering of the Notes in connection with the Redemption. The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the complete version of the Purchase Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 8.01. Other Events.
On
OnJuly 14, 2021 , Belden also issued a press release announcing the pricing of the offering of the Notes. A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference. OnJuly 19, 2021 , Belden issued a Notice of Conditional Redemption to holders of the 2025 Notes. The redemption date for the 2025 Notes will beSeptember 15, 2021 , conditioned upon the closing of the Notes Offering. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Purchase Agreement, dated as of July 14
, 2021, by and among Belden
Inc., the Guarantors named therein and Deutsche
representative of the Initial Purchasers listed
on Schedule I thereto.
99.1 Belden news release dated July 14 ,
2021, titled "Belden Announces
€300 Million Private Offering of Senior
Subordinated Notes."
99.2 Belden news release dated July 14 ,
2021, titled "Belden Announces
Pricing of €300 Million Private Offering of
3.375% Senior Subordinated
Notes."
--------------------------------------------------------------------------------
© Edgar Online, source