- Belden Inc. (NYSE:BDC) has priced the private offering of €300 million in aggregate principal amount of 3.375% senior subordinated notes due 2031 at an issue price of 100% of their principal amount.
- Net proceeds from the notes offering along with cash on hand will be used to fund the redemption in full of its 2.875% senior subordinated notes due 2025.
- The company expects the redemption date for the 2025 Notes to be on or about September 15, 2021.
- The company expects the offering to close on July 28, 2021.
- Price action: BDC shares traded lower by 1.33 % at $47.65 on the last check Thursday.
Wolfe Research Upgrades AES to Outperform, Announces $29 Price Target
Wolfe Research analyst Steve Fleishman upgrades AES (NYSE:AES) from Peer Perform to Outperform and announces $29 price target.
