secwatch.observer — SEC 8-K summary
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Issuer:     LITTELFUSE INC /DE (LFUS)
CIK:        0000889331
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0000889331-22-000028
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889331/000088933122000028/0000889331-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889331/000088933122000028/lfus-20220630.htm
  HTML page:      https://secwatch.observer/filing/0000889331-22-000028

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