BELDEN INC. 8-K

What Happened Belden Inc. announced it consummated the RUCKUS acquisition and, on July 1, 2026, entered into a $1,850.0 million senior secured Term Loan Credit Agreement with a syndicate of lenders, with JPMorgan Chase Bank, N.A. as administrative agent. The Term Loan Credit Facility funds the RUCKUS purchase price, related fees and expenses and is guaranteed by certain U.S. subsidiaries and secured by liens on substantially all assets of Belden and the guarantors.

Key Details

• Facility size: $1,850.0 million senior secured term loan; Administrative Agent: JPMorgan Chase Bank, N.A.
• Interest: at borrower’s election, term SOFR + 2.25% or a base rate + 1.25% per annum.
• Amortization & term: 0.25% principal amortization per quarter; maturity date July 1, 2033.
• Covenants & security: customary reps, affirmative and negative covenants (limits on additional debt, liens, investments, affiliate transactions), restrictions on certain payments (including dividends), events of default, mandatory prepayments in specified circumstances; loans are guaranteed by certain U.S. subsidiaries and secured by substantially all assets (subject to customary exceptions).

Why It Matters This filing confirms Belden used a large, secured term loan to finance the RUCKUS acquisition, materially increasing its near‑term leverage and creating a new contractual debt service profile (quarterly amortization plus interest tied to SOFR or a base rate). The credit agreement’s covenants and dividend limits can affect Belden’s flexibility on dividends, additional borrowing, and corporate transactions. Investors should note the interest-rate exposure (SOFR-based option), the seven-year maturity (2033), and that additional financial statements related to the acquired business will be filed later.