Bel Fuse Inc. Expands Credit Facility to $400 Million and Extends Commitment Period to 2028 in Fourth Amendment Agreement

Reuters
05-07
<a href="https://laohu8.com/S/BELFA">Bel Fuse Inc</a>. Expands Credit Facility to $400 Million and Extends Commitment Period to 2028 in Fourth Amendment Agreement

Bel Fuse Inc. has announced a significant amendment to its existing credit agreement, enhancing its financial flexibility. The company entered into a Fourth Amendment Agreement to its Amended and Restated Credit and Security Agreement with KeyBank National Association and other lenders. The amendment increases the Maximum Revolving Amount from $325 million to $400 million and extends the commitment period to September 1, 2028. It also includes an incremental extension of credit totaling $75 million, with $50 million from new revolving lender Wells Fargo Bank, N.A., and a $25 million pro rata commitment increase from existing lenders. Following these changes, the aggregate outstanding principal balance under the Credit Agreement stands at approximately $270 million. These adjustments aim to support Bel Fuse's ongoing growth and operational needs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bel Fuse Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-014806), on May 06, 2025, and is solely responsible for the information contained therein.

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