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BEL FUSE INC /NJ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 7, 2014

Item 1.01 Entry into a Material Definitive Agreement.



On June 30, 2014, Bel Fuse Inc., a New Jersey corporation ("Bel" or the "Company"), entered into a senior Credit and Security Agreement (the "New Amended and Restated Secured Credit Agreement") with KeyBank National Association ("KeyBank"), as administrative agent, swing line lender and issuing lender, and the other lenders identified therein, which amends and restates the initial Secured Credit Agreement with KeyBank (the "Initial New Secured Credit Agreement") described in the Company's Form 8-K filed with the SEC on June 24, 2014 (the "Prior 8-K").

The purposes of entering into the New Amended and Restated Secured Credit Agreement were:

To add as parties, in addition to KeyBank, the additional Lenders named therein (the "Additional Lenders").

To provide for reissuance of the promissory notes initially issued by Bel to KeyBank under the Initial New Secured Credit Agreement, to KeyBank and the Additional Lenders, in proportion to their respective commitments under the New Amended and Restated Secured Credit Agreement.

To revise or supplement certain of the representations and warranties, terms, conditions, covenants and events of default as were requested by the Additional Lenders and agreed to by Bel.

The remainder of the provisions of the Initial New Secured Credit Agreement remain substantially unchanged.

A copy of the New Amended and Restated Secured Credit Agreement is filed as an Exhibit to this Form 8-K, and is incorporated herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation



under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit 10.1- New Amended and Restated Secured Credit Agreement, dated June 30, 2014.

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Source: Edgar Glimpses


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