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Belden Raises €300M Via Private Offering Of 3.375% Senior Subordinated Notes

Belden Inc. (NYSE:BDC) has priced the private offering of €300 million in aggregate principal amount of 3.375% senior subordinated notes due…

byAkanksha

July 15, 2021

1 minute read

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.

Oppenheimer Downgrades ContextLogic to Perform

By Benzinga Newsdesk

Today, 4:54 PM

Oppenheimer analyst Jason Helfstein downgrades ContextLogic (NASDAQ:WISH) from Outperform to Perform.

WISH

Wells Fargo Maintains Overweight on Tapestry, Lowers Price Target to $48

By Benzinga Newsdesk

Today, 4:54 PM

Wells Fargo analyst Ike Boruchow maintains Tapestry (NYSE:TPR) with a Overweight and lowers the price target from $58 to $48.

TPR

Rollins Q2 EPS $0.20, Inline, Sales $714.00M Beat $686.33M Estimate

By Bill Haddad

Today, 4:54 PM

Rollins (NYSE:ROL) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $714.00 million which

ROL