M&A
confidence high
sentiment neutral
materiality 0.75
Littelfuse closes acquisition of C&K Switches; funds $100M 4.33% notes due 2032
LITTELFUSE INC /DE
- Completed acquisition of C&K Switches, a designer of high-performance electromechanical switches and interconnect solutions.
- C&K has annualized sales exceeding $200M and will be reported in the Electronics segment.
- Financed through available cash and debt; issued $100M aggregate principal of 4.33% Senior Notes due June 30, 2032.
- 20 wholly-owned subsidiaries guaranteed the Senior Notes under a Subsidiary Guaranty Agreement dated July 18, 2022.
- C&K serves industrial, transportation, aerospace, and datacom end markets globally.