Belden Inc. (NYSE:BDC) secured a $1.85B senior secured term loan—SOFR+2.25% (or base+1.25%) with 0.25% quarterly amortization and July 1, 2033 maturity, secured by assets—to fund the RUCKUS buyout and disclosed a related direct/off‑balance‑sheet obligation in a July 1, 2026 8‑K.
Previous Week Recap
- Belden Secures $1.85B Term Loan: Belden Inc. obtained a $1.85B senior secured term loan to fund the RUCKUS buyout. Loan: SOFR+2.25% (or base+1.25%), 0.25% quarterly amortization, matures July 1, 2033; secured by assets.
- Belden Discloses Off-Balance Obligation: Belden Inc. (BDC) disclosed a direct/off‑balance sheet obligation linked to its Term Loan Credit Agreement in a July 1, 2026 Form 8‑K; details referenced in Item 1.01.
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