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Article: Belden Announces Exchange Offer for Its 4.00% Convertible Subordinated Debentures Due 2023.
- Article from:
- PR Newswire
- Article date:
- March 5, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. LOUIS, March 5 /PRNewswire-FirstCall/ -- Belden announced today that it has commenced an exchange offer for all of its outstanding 4.00% Convertible Subordinated Debentures due 2023 (the "Old Debentures"). Belden is offering to exchange $1,000 principal amount of its new 4.00% Convertible Subordinated Debentures due 2023 (the "New Debentures") for each $1,000 principal amount of the Old Debentures. In addition, Belden will pay a cash exchange fee of $2.50 per $1,000 principal amount of Old Debentures accepted for exchange.
The New Debentures will be substantially the same as the Old Debentures except that the New Debentures will have a net share settlement ...