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.
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