Belden (BDC) said late Tuesday it is pricing a private offering of 450 million euros ($524 million) of 4.250% senior subordinated notes due 2033, at an issue price of 100% of their principal amount.

The company expects the offering to close on Jan. 28, subject to standard closing conditions, according to a statement.

The notes will be guaranteed on a senior subordinated basis by the company's existing and future local subsidiaries that guarantee its indebtedness under its revolving credit agreement, the company added.

The company plans to utilize the net proceeds from the offering, together with cash on hand, to redeem its 3.375% senior subordinated notes due 2027 in full, and pay related fees and costs.