Bel Fuse may draw on revolver for purchase of CUI power business

Chicago, Nov. 12 – Bel Fuse Inc. announced that it will fund a $32 million asset purchase from CUI Global Inc. for a majority of its power business with cash on hand, which may include a drawdown on the company’s revolving credit facility.

The transaction is expected to close in the fourth quarter of 2019, according to a company announcement.

Bel Fuse is Jersey City, N.J.-based designer, manufacturer and seller of products for the networking, telecommunications, high-speed data transmission, aerospace, military transportation and consumer electronics industries.

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