Belden Secures $1.85 Billion Term Loan to Fund Ruckus Acquisition; Maturity 2033
Belden entered into a $1.85 billion senior secured term loan credit facility to fund the Ruckus acquisition and related fees. The facility, led by JPMorgan Chase Bank as administrative agent with a lender syndicate, bears interest at term SOFR plus 2.25% or a base rate plus 1.25%, amortizes 0.25% p…