New Jersey-based electronics manufacturer Bel Fuse amended its credit facility, increasing the revolver to $75 million and the term loan A to $175 million.
According to a related 8-K filing, KeyBank served as administrative agent, joint lead arranger, sole book runner, swing line lender and issuing lender for the transaction. Bank of America, M&T Bank, PNC and Santander were joint lead arrangers and co-syndication agents.
The amendment also extended the maturing date of the revolving credit facility to December 10, 2022.
The amendment also modifies the interest rate and changes certain financial covenants of the company applicable to the loans.