secwatch.observer — SEC 8-K summary
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Issuer:     LITTELFUSE INC /DE (LFUS)
CIK:        0000889331
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001140361-22-019845
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889331/000114036122019845/0001140361-22-019845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889331/000114036122019845/brhc10037848_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-019845

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