Belden Inc. Files 8-K for Material Definitive Agreement

TL;DR

Belden Inc. signed a big deal on April 16th, filing an 8-K. Details to follow.

AI Summary

On April 16, 2024, Belden Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and headquartered in St. Louis, Missouri.

Why It Matters

This filing indicates a significant new agreement for Belden Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.

Key Players & Entities

• Belden Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• St. Louis, Missouri (location) — Principal Executive Offices
• April 16, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value BDC New York Stock Exchange

Filing Documents

• bdc-20240416.htm (8-K) — 33KB
• exhibit101amendedsecondarc.htm (EX-10.1) — 1898KB
• image_2.jpg (GRAPHIC) — 1KB
• 0000913142-24-000014.txt ( ) — 2386KB
• bdc-20240416.xsd (EX-101.SCH) — 2KB
• bdc-20240416_lab.xml (EX-101.LAB) — 22KB
• bdc-20240416_pre.xml (EX-101.PRE) — 13KB
• bdc-20240416_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On April 16, 2024, Belden Inc., a Delaware corporation (the "Company"), as borrower representative on behalf of certain of its U.S. and non-U.S. subsidiaries, the Lenders (as defined below) and Administrative Agent (as defined below), entered into Amendment No. 2 to Second Amended and Restated Credit Agreement (the "Amendment"), which amends the Second Amended and Restated Credit Agreement (the "Second Amended and Restated Credit Agreement") by and among the Company, as the U.S. borrower, certain non-U.S. subsidiaries of the Company located in Canada, Germany, the United Kingdom and the Netherlands, as foreign borrowers, certain other U.S. and non-U.S. subsidiaries of the Company party thereto as guarantors, JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent"), and a syndicate of lenders (the "Lenders"). Prior to the effectiveness of the Amendment, the Second Amended and Restated Credit Agreement included the Canadian Dollar Offered Rate ("CDOR") as one of the interest rate benchmark options for Canadian Dollar borrowings. However, the members of Canadian Fixed-Income Forum ("CFIF") and its working group on sustainable benchmarks, Canadian Alternative Reference Rate working group ("CARR"), unanimously recommended that the calculation and publication of CDOR should cease after June 30, 2024 and such decision was approved by applicable regulators. 1-month, 2-month, and 3-month CDOR maturities were each available to certain borrowers under the Second Amended and Restated Credit Agreement prior to the effectiveness of the Amendment. Considering the announced discontinuation of CDOR, a determination was made by the Administrative Agent and the Company to amend the Second Amended and Restated Credit Agreement to replace CDOR with a new prevailing benchmark interest rate known as Term CORRA. "Term CORRA" is the Canadian Overnight Repo Rate Average administered and published by the Bank

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. d) Exhibits. Exhibit Number 10.1 Amendment No. 2 to Second Amended and Restated Credit Agreement

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BELDEN INC. Date: April 22, 2024 By: /s/ Brian E. Anderson Brian E. Anderson Senior Vice President-Legal, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR