Item 1.01. Entry into a Material Definitive Agreement.
On March 24, 2009, Belden Inc. ("we" or the "Company") entered into Third
Amendment to Credit Agreement ("Third Amendment") to our Credit Agreement dated
as of January 24, 2006 (as amended, the "Credit Agreement") with Belden Wire &
Cable Company, Belden CDT Networking, Inc., Nordx/CDT Corp., Thermax/CDT, Inc.,
Belden Holdings, Inc., Belden Technologies, Inc., Belden 1993 Inc. (formerly
known as Belden Inc.) and CDT International Holdings Inc., as Guarantors, and
Wachovia Bank, National Association, as administrative agent and on behalf of
the lenders party thereto (collectively, the "Lenders"). The Third Amendment,
among other things, amends the definitions of: "Deferred Margin," the pricing
grid in the definition of "Applicable Percentage," "Applicable Percentage," and
"Consolidated EBITDA." The amendment increases the Company's cost of borrowing
under the credit agreement by 100 basis points. The Company incurred
approximately $1.6 million in arrangement, attorney, and consent fees in
connection with the Third Amendment. The foregoing is only a summary of the
certain terms and conditions of the Third Amendment and is qualified in its
entirety by reference to the Third Amendment, which is attached as Exhibit 10.1
and is incorporated in this Current Report 8-K by reference.
Item 2.03 Creation of a Direct Financial Obligation, or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth above in Item 1.01 of this Current Report is
incorporated by reference in response to this Item.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. See Exhibit Index
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BELDEN INC.
Date: March 30, 2009 By: /s/ Kevin L. Bloomfield
Kevin L. Bloomfield
Senior Vice President, Secretary and General Counsel