Littelfuse issues $100M in 4.33% Senior Notes due 2032 to fund C&K Switches acquisition

LITTELFUSE INC /DE

$100M aggregate principal of 4.33% Senior Notes due June 30, 2032; interest rate steps up if closing delayed.
Proceeds to finance acquisition of BEIT Holdings/C&K Switches; agreement terminates if acquisition not closed by Oct 31, 2022.
Existing 2016 and 2017 note purchase agreements amended to align financial covenants with new notes.
Financial covenants: max consolidated net leverage ratio 3.5:1 (4.0:1 post-acquisition) and min interest coverage ratio 3.0:1.
Nineteen subsidiary guarantors will jointly and severally guarantee the Senior Notes under a Subsidiary Guaranty Agreement.

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