Title of Class | Amount | |
4.00% Convertible Subordinated Debentures due 2023 |
Up to $110,000,000 aggregate principal amount |
(a) | Form of organization. Belden CDT Inc. (the Company) is a corporation. | ||
(b) | State or other sovereign power under the laws of which organized. The Company was organized under the laws of the State of Delaware. |
| Net Share Settlement Upon Conversion. The New Debentures will include a net share settlement feature that will require the Company upon conversion to pay cash up to the principal amount of the New Debentures and to pay any conversion consideration in excess of the principal amount in shares of its common stock based on an initial conversion rate of 55.9942 shares per $1,000 principal amount of New Debentures (which represents an initial conversion price of $17.859 per share), under the circumstances and subject to the adjustments described in the Offering Circular. The Old Debentures are convertible in accordance with their terms only into shares of the Companys common stock, other than fractional shares which may be settled in cash. | ||
| Conversion Rate Adjustment Upon Certain Changes in Control. The New Debentures will provide for an increase in the conversion rate for holders that elect to convert the New Debentures upon the occurrence of certain changes in control that occur prior to July 21, 2008, unless the acquirer is a public acquirer, in which case, at the Companys option, the New Debentures may instead become contingently convertible into cash and, if applicable, common stock of the public acquirer, subject to the net share settlement provisions and other adjustments to the conversion rate described in the Offering Circular. |
| The New Debentures are proposed to be offered for exchange by the Company with its existing security holders exclusively and solely for the Old Debentures of the Company. | ||
| No sales of securities of the same class as the New Debentures have been or are to be made by the Company or by or through an underwriter at or about the same time as the Exchange Offer for which the exemption is claimed. | ||
| The Company has not paid or given, and will not pay or give, directly or indirectly, any commission or other remuneration to any broker, dealer, salesman, agent or other person for soliciting tenders in the Exchange Offer. To the extent solicitations are undertaken by the Companys officers and employees, such officers and employees will not receive additional compensation for making such solicitations. | ||
| The Company has not retained a dealer-manager in connection with the Exchange Offer. The Company has engaged Global Bondholder Services Corporation as the exchange agent and the information agent and UBS Securities LLC as the financial advisor, all of whom will receive reasonable and customary fees for their services. None of the fee arrangements are conditioned on the success of the Exchange Offer, and none of such persons are authorized to solicit the exchange of Old Debentures in the Exchange Offer or to make recommendations as to acceptance or rejection of the Exchange Offer. The financial advisor, the information agent and the exchange agent will provide to holders of the Old Debentures only information |
1
contained in the Offering Circular and related documents and general information regarding the mechanics of the exchange process. The exchange agent will provide the actual acceptance and exchange services with respect to the exchange of Old Debentures for New Debentures. The Company will also make customary payments in respect of accounting, legal, printing and related fees and expenses, and payment of the Exchange Fee to exchanging holders. |
| No holder of the Old Debentures has made or will be requested to make any cash payment in connection with the Exchange Offer other than the payment of any applicable taxes in accordance with the terms of the Exchange Offer or, if such holder handles the transaction through its broker, dealer, commercial bank, trust company or other institution, any applicable brokerage fees or commissions. |
Ownership Interest | Jurisdiction of | |||||
(Direct or Indirect) | Incorporation/ | |||||
Subsidiaries of Belden CDT Inc. | of the Company | Organization | ||||
Belden Inc.
|
100 | % | Delaware | |||
Belden Wire & Cable Company
|
100 | % | Delaware | |||
Belden Communications Holding, Inc.
|
100 | % | Delaware | |||
Belden Insurance Company
|
100 | % | Vermont | |||
Belden Holdings, Inc.
|
100 | % | Delaware | |||
Belden Technologies, Inc.
|
100 | % | Delaware | |||
Belden CDT International, Inc.
|
100 | % | Delaware | |||
Belden Electronics S.a.r.l.
|
100 | % | France | |||
Belden UK Limited
|
100 | % | United Kingdom | |||
Belden CDT (Canada) Inc.
|
100 | % | Canada | |||
Belden Electronics S.A. de C.V.
|
100 | % | Mexico | |||
Belden Brasil Commercial Ltda.
|
100 | % | Brazil | |||
Belden Electronics Argentina S.A.
|
100 | % | Argentina | |||
Belden Foreign Sales Corporations
|
100 | % | Barbados | |||
Belden Superannuation Pty Ltd.
|
100 | % | Australia | |||
Belden Australia Pty Ltd.
|
100 | % | Australia | |||
Belden Wire & Cable Trading (Shanghai) Co. Ltd.
|
100 | % | China | |||
Belden (UK) Finco Limited Partnership
|
100 | % | United Kingdom | |||
Belden (Canada) Finco Limited Partnership
|
100 | % | Canada | |||
Belden International Holdings B.V.
|
100 | % | Netherlands | |||
Belden Europe B.V.
|
100 | % | Netherlands | |||
Belden Wire & Cable B.V.
|
100 | % | Netherlands |
2
Ownership Interest | Jurisdiction of | |||||
(Direct or Indirect) | Incorporation/ | |||||
Subsidiaries of Belden CDT Inc. | of the Company | Organization | ||||
Belden CDT European Shared Services
|
100 | % | Netherlands | |||
Belden Dunakabel Kft
|
100 | % | Hungary | |||
Belden Electronics GmbH
|
100 | % | Germany | |||
Belden Deutschland GmbH
|
100 | % | Germany | |||
Belden Europe B.V. & Belden Wire & Cable B.V. Finance Gbr
|
100 | % | Germany | |||
Belden-EIW GmbH & Co KG
|
100 | % | Germany | |||
Red Hawk/CDT, Inc.
|
100 | % | Delaware | |||
Boselan
|
100 | % | United Kingdom | |||
Belden CDT Networking Inc.
|
100 | % | Washington | |||
CDT International Holdings Inc.
|
100 | % | Delaware | |||
Nordx/CDT Corp.
|
100 | % | Delaware | |||
Thermax/CDT, Inc.
|
100 | % | Delaware | |||
Dearborn/CDT Corp.
|
100 | % | Delaware | |||
A.W. Industries
|
100 | % | Florida | |||
Nordx/CDT Inc.
|
100 | % | Canada | |||
Noslo Ltd.
|
100 | % | United Kingdom | |||
CDT Asia Pacific PTE LTD
|
100 | % | Singapore | |||
Belden Asia (Hong Kong) Limited
|
100 | % | Hong Kong | |||
Nordx/CDT Australia Pty Ltd.
|
100 | % | Australia | |||
Nordx/CDT Do Brazil Ltda.
|
100 | % | Brazil | |||
CDTCO Ltd.
|
100 | % | Bermuda | |||
Nordx/CDT IP Corp.
|
100 | % | Delaware | |||
Tennecast CDT, Inc.
|
100 | % | Ohio | |||
X-Mark/CDT, Inc.
|
100 | % | Pennsylvania | |||
Wire Group International Ltd.
|
100 | % | United Kingdom | |||
Raydex/CDT Ltd.
|
100 | % | United Kingdom | |||
Nordx Ltd.
|
100 | % | United Kingdom | |||
Anglo American Cables Ltd.
|
100 | % | United Kingdom | |||
CDT (CZ) SRO
|
100 | % | Czech Republic | |||
CDT/Nordic Holding AB
|
100 | % | Sweden | |||
ITC/CDT Industria Tecnica Cavi S.R.L.
|
100 | % | Italy | |||
Cekan/CDT A/S
|
100 | % | Denmark | |||
Cable Design Technologies (Deutschland) GmbH
|
100 | % | Germany | |||
Belden CDT Orebro AB
|
100 | % | Sweden | |||
Kabelovna Decin Poldmodly AS
|
100 | % | Czech Republic | |||
CDT Kabeltechnik Berlin GmbH
|
100 | % | Germany | |||
HEW-Kabel Heinz Eilentropp Verwaltungs GmbH
|
100 | % | Germany | |||
HEW GmbH & Co KG
|
100 | % | Germany | |||
HEW-Kabel/CDT/Skandinaviska AB
|
100 | % | Sweden | |||
Belden de Sonora S.A. de C.V.
|
100 | % | Mexico | |||
Belden India Private Limited
|
100 | % | India |
3
Name | Office | |
John S. Stroup
|
President, Chief Executive Officer and Director | |
Gray G. Benoist
|
Vice President, Finance and Chief Financial Officer | |
Kevin L. Bloomfield
|
Vice President, Secretary and General Counsel | |
Robert Canny
|
Vice President, Operations and President, Specialty Products | |
Stephen H. Johnson
|
Treasurer | |
Naresh Kumra
|
Vice President, Operations and President, Asia-Pacific Operations | |
John S. Norman
|
Controller and Chief Accounting Officer | |
Louis Pace
|
Vice President, Business Development | |
D. Larrie Rose
|
Vice President, Operations and President, European Operations | |
Peter F. Sheehan
|
Vice President, Operations and President, Belden Americas | |
Cathy O. Staples
|
Vice President, Human Resources | |
Bryan C. Cressey
|
Chairman of the Board | |
David Aldrich
|
Director | |
Lorne D. Bain
|
Director | |
Lance C. Balk
|
Director | |
Michael F.O. Harris
|
Director | |
Glenn Kalnasy
|
Director | |
John M. Monter
|
Director | |
Bernard G. Rethore
|
Director |
Percentage of Voting | ||||||||||
Name and Mailing Address | Title of Class | Amount Owned | Securities Owned | |||||||
FMR Corp.
|
Common Stock, | 5,190,393 | (1) | 11.780 | % | |||||
82 Devonshire Street Boston, Massachusetts 02109 |
$0.01 Par Value | |||||||||
Edward C. Johnson 3d
|
Common Stock, | 5,186,993 | (2) | 11.772 | % | |||||
c/o FMR Corp. 82 Devonshire Street Boston, Massachusetts 02109 |
$0.01 Par Value | |||||||||
Fidelity Management & Research
Company |
Common Stock, | 4,900,253 | (3) | 11.121 | % | |||||
82 Devonshire Street Boston, Massachusetts 02109 |
$0.01 Par Value |
4
(1) | Includes (1) 4,900,253 shares, or 11.121%, held by Fidelity Management & Research Company, 82 Devonshire Street, Boston, Massachusetts 02109, a wholly owned subsidiary of FMR Corp.; (2) 67,000 shares, or 0.152%, held by Pyramis Global Advisors, LLC, 53 State Street, Boston, Massachusetts 02109, an indirect wholly owned subsidiary of FMR Corp.; (3) 219,740 shares, or 0.499%, held by Pyramis Global Advisors Trust Company, 53 State Street, Boston, Massachusetts 02109, an indirect wholly owned subsidiary of FMR Corp.; and (4) 3,400 shares or 0.008%, held by Fidelity International Limited, Pembroke Hall, 42 Crow Lane, Hamilton, Bermuda. FMR Corp. has sole voting power over 834,780 shares and sole dispositive power over 5,190,393 shares. As reported in a Schedule 13G/A filed with the Securities and Exchange Commission on February 14, 2007, by FMR Corp., reporting ownership as of December 31, 2006. | |
(2) | Edward C. Johnson 3d is Chairman of FMR Corp. Includes (1) 4,900,253 shares, or 11.121%, held by Fidelity Management & Research Company, 82 Devonshire Street, Boston, Massachusetts 02109, a wholly owned subsidiary of FMR Corp.; (2) 67,000 shares, or 0.152%, held by Pyramis Global Advisors, LLC, 53 State Street, Boston, Massachusetts 02109, an indirect wholly owned subsidiary of FMR Corp.; and (3) 219,740 shares, or 0.499%, held by Pyramis Global Advisors Trust Company, 53 State Street, Boston, Massachusetts 02109, an indirect wholly owned subsidiary of FMR Corp. Members of Mr. Johnsons family are the predominant holders, directly or through trusts, of 49% of the voting power of FMR Corp. As reported in a Schedule 13G/A filed with the Securities and Exchange Commission on February 14, 2007, by FMR Corp., reporting ownership as of December 31, 2006. | |
(3) | The amount shown represents shares owned by investment advisory clients of Fidelity Management & Research Company, a wholly owned subsidiary of FMR Corp. Fidelity Management & Research Company votes shares owned directly by such clients in accordance with written guidelines established by their respective boards of trustees. As reported in a Schedule 13G/A filed with the Securities and Exchange Commission on February 14, 2007, by FMR Corp., reporting ownership as of December 31, 2006. |
Title of Class |
Amount Authorized | Amount Outstanding | ||||||||
Common Stock, par value $0.01 |
200,000,000 | shares | 50,334,986 | shares | ||||||
Preferred Stock, par value $0.01 |
2,000,000 | shares | 0 | |||||||
4.00% Convertible Subordinated
Debentures due 2023 |
$ | 110,000,000 | $ | 110,000,000 | ||||||
7% Senior
Subordinated Notes due 2017 |
$ | 350,000,000 | $ | 350,000,000 |
5
(1) | The Company defaults in the payment of interest on any New Debenture that continues for 30 days or more after such payment is due, whether or not prohibited by the subordination provisions of the Indenture; | ||
(2) | The Company defaults in the payment of the principal of any New Debenture or the redemption price, the purchase price or the change in control purchase price in respect of any New Debenture when due whether or not prohibited by the subordination provisions of the Indenture; | ||
(3) | The Company fails to comply with any of its other covenants or agreements in the Indenture that continues for 90 days after written notice to us by the Trustee or the holders of at least 25% in aggregate principal amount of outstanding New Debentures; | ||
(4) | The Company defaults in the payment when due, including any applicable grace period, in respect of indebtedness for borrowed money, which payment is in an amount in excess of $20,000,000; | ||
(5) | The Company defaults in respect of any indebtedness for borrowed money, which default results in acceleration of any such indebtedness which is in an amount in excess of $20,000,000; and | ||
(6) | Certain events of bankruptcy, insolvency or reorganization with respect to the Company or any of its significant subsidiaries. |
6
7
(a) | Pages numbered one to ten, consecutively. | ||
(b) | The statement of eligibility and qualification on Form T-1 of U.S. Bank National Association, Trustee under the Indenture to be qualified (filed herewith as Exhibit T3G). | ||
(c) | The following exhibits in addition to those filed as part of the Form T-1 statement of eligibility and qualification of the Trustee: |
Exhibit T3A
|
Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, filed on March 31, 2005). | |
Exhibit T3B
|
Second Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.01 to the Companys Current Report on Form 8-K filed on December 6, 2005). | |
Exhibit T3C*
|
Form of Indenture to be entered into between the Company and U.S. Bank National Association, as Trustee. | |
Exhibit T3D
|
Not applicable. | |
Exhibit T3E-1
|
Offering Circular, dated March 5, 2007 (incorporated by reference to Exhibit (a)(1)(i) to the Companys Issuer Tender Offer Statement on Schedule TO filed on March 5, 2007). | |
Exhibit T3E-2
|
Form of Letter of Transmittal (incorporated by reference to Exhibit (a)(1)(ii) to the Companys Issuer Tender Offer Statement on Schedule TO filed on March 5, 2007). | |
Exhibit T3E-3
|
Press Release, issued March 5, 2007 (incorporated by reference to Exhibit (a)(5) to the Companys Issuer Tender Offer Statement on Schedule TO filed on March 5, 2007). | |
Exhibit T3E-4
|
Offering Circular Supplement, dated April 4, 2007 (incorporated by reference to Exhibit (a)(1)(iii) to the Companys Amendment No. 2 to Schedule TO filed on April 4, 2007). | |
Exhibit T3E-5
|
Press Release, issued April 3, 2007 (incorporated by reference to Exhibit (a)(6) to the Companys Amendment No. 1 to Schedule TO filed on April 3, 2007). | |
Exhibit T3F*
|
Cross-reference sheet showing the location in the Indenture of the provisions inserted therein pursuant to Sections 310 through 318(a), inclusive, of the Trust Indenture Act of 1939 (included as part of Exhibit T3C herewith). | |
Exhibit T3G**
|
Statement of eligibility and qualification of the Trustee on Form T-1. |
* | Filed herewith. | |
** | Previously filed. |
8
(Seal) | Belden CDT Inc. | |||||||
Attest:
|
/s/ Christopher E. Allen | By: | /s/ Stephen H. Johnson | |||||
Name: Christopher E. Allen | Name: Stephen H. Johnson | |||||||
Title: Assistant Secretary | Title: Treasurer |
9
Exhibit T3A
|
Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Companys Annual Report on Form 10-K for the year ended December 31, 2004, filed on March 31, 2005). | |
Exhibit T3B
|
Second Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.01 to the Companys Current Report on Form 8-K filed on December 6, 2005). | |
Exhibit T3C*
|
Form of Indenture to be entered into between the Company and U.S. Bank National Association, as Trustee. | |
Exhibit T3D
|
Not applicable. | |
Exhibit T3E-1
|
Offering Circular, dated March 5, 2007 (incorporated by reference to Exhibit (a)(1)(i) to the Companys Issuer Tender Offer Statement on Schedule TO filed on March 5, 2007). | |
Exhibit T3E-2
|
Form of Letter of Transmittal (incorporated by reference to Exhibit (a)(1)(ii) to the Companys Issuer Tender Offer Statement on Schedule TO filed on March 5, 2007). | |
Exhibit T3E-3
|
Press Release, issued March 5, 2007 (incorporated by reference to Exhibit (a)(5) to the Companys Issuer Tender Offer Statement on Schedule TO filed on March 5, 2007). | |
Exhibit T3E-4
|
Offering Circular Supplement, dated April 4, 2007 (incorporated by reference to Exhibit (a)(1)(iii) to the Companys Amendment No. 2 to Schedule TO filed on April 4, 2007). | |
Exhibit T3E-5
|
Press Release, issued April 3, 2007 (incorporated by reference to Exhibit (a)(6) to the Companys Amendment No. 1 to Schedule TO filed on April 3, 2007). | |
Exhibit T3F*
|
Cross-reference sheet showing the location in the Indenture of the provisions inserted therein pursuant to Sections 310 through 318(a), inclusive, of the Trust Indenture Act of 1939 (included as part of Exhibit T3C herewith). | |
Exhibit T3G**
|
Statement of eligibility and qualification of the Trustee on Form T-1. |
* | Filed herewith. | |
** | Previously filed. |
10