Littelfuse enters $1B credit facility: $700M revolver and $300M term loan, maturing June 2027

LITTELFUSE INC /DE

New $700M unsecured revolver and $300M unsecured term loan, fully funded on June 30, 2022.
Maturity extended to June 30, 2027; LIBOR replaced with SOFR, SONIA, EURIBOR, etc.
Term loan amortizes quarterly starting Sept 30, 2022; covenants made less restrictive.
Proceeds to refinance existing debt, fund working capital, capex, and acquisitions.
Facility can be increased in $25M increments subject to no default and covenant compliance.

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