secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2021-12-10T23:59:59+00:00
Accession:  0001437749-21-028276
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bel Fuse enters interest rate swaps to fix LIBOR on $60M of debt
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- Entered two $30M notional interest rate swaps with PNC Bank and KeyBank.
- PNC swap fixes LIBOR at 1.3055%; KeyBank swap fixes at 1.318%; both effective Dec 31, 2021.
- Swaps mature on Aug 31, 2026; relate to debt under Sept 2, 2021 credit agreement.
- Transaction intended to manage interest rate exposure on existing variable-rate debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774921028276/0001437749-21-028276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774921028276/belfb20211207_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-028276

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer