Belden amends credit agreement to replace LIBOR with Term SOFR

BELDEN INC.

Executed Amendment No. 1 to Second Amended and Restated Credit Agreement on Dec 29, 2022.
Adopts Term SOFR as benchmark rate to replace LIBOR for USD borrowings.
Affects 1-month, 3-month, and 6-month maturities previously tied to LIBOR.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BELDEN INC. amended Amendment No. 1 to Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and a syndicate of lenders (effective 2022-12-29).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent, and a syndicate of lenders
Effective: 2022-12-29

Exact text from the filing

On December 29, 2022, Belden Inc., a Delaware corporation (the “Company”), certain of its U.S. and non-U.S. subsidiaries, the Lenders (as defined below) and Administrative Agent (as defined below), entered into Amendment No. 1 to Second Amended and Restated Credit Agreement (the “Amendment”), which amends the Second Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement")

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Source: SEC EDGAR

accession 0000913142-23-000002

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