Belden Issues €450 Million Senior Subordinated Notes Offering

Belden ( (BDC) ) has shared an announcement.

On January 28, 2026, Belden Inc. completed a €450 million issuance of 4.250% senior subordinated notes due 2033, sold at par in a private offering to qualified institutional buyers in the U.S. and to non-U.S. investors under Regulation S. The euro-denominated notes, which are guaranteed on a joint and several basis by the company’s current and future domestic subsidiary guarantors, rank pari passu with Belden’s other senior subordinated debt and are subordinated to its senior debt, including its revolving credit facility; they carry semi-annual interest payments starting August 1, 2026, and include optional redemption features from 2029, an equity-clawback option of up to 40% of the issue before 2029, and a change-of-control put at 101%, all under an indenture that imposes leverage, dividend, affiliate-transaction, asset-disposition, lien and merger restrictions, with certain covenants suspended if the notes reach investment-grade status, thereby shaping Belden’s future capital-structure flexibility and creditor protections.

The most recent analyst rating on (BDC) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on Belden stock, see the BDC Stock Forecast page.

Spark’s Take on BDC Stock

According to Spark, TipRanks’ AI Analyst, BDC is a Outperform.

The score is driven primarily by solid financial profitability and a strong earnings update with constructive guidance and order trends. Offsetting factors include weak recent free-cash-flow growth, only neutral-to-soft technical momentum (negative MACD and price near moving averages), and a middling valuation with a low dividend yield.

To see Spark’s full report on BDC stock, click here.

More about Belden

Average Trading Volume: 271,781

Technical Sentiment Signal: Buy

Current Market Cap: $4.61B

For detailed information about BDC stock, go to TipRanks’ Stock Analysis page.