Littelfuse to repay revolver borrowings with proceeds from new notes

By Marisa Wong

Morgantown, W.Va., Dec. 9 – Littelfuse, Inc. said it plans to reduce outstanding borrowings under its revolving credit facility using proceeds from an offering of notes.

The company announced on Friday that it completed a private placement of $350 million of dollar- and euro-denominated senior notes with maturities ranging from five to 12 years and an average interest rate of 2¼%.

Littelfuse specializes in fuse, semiconductor, polymer, ceramic, relay and sensor technology. The circuit protection company is based in Chicago.

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