Global law firm White & Case LLP has advised Bel Fuse Inc., a leading global manufacturer of electronic components, systems, and solutions, on its US$400 million underwritten equity follow-on offering.
The follow-on offering consisted of 1,725,000 shares of Bel Fuse’s Class B common stock at a price of US$266.00 per share. The company intends to use the net proceeds to pay down outstanding indebtedness, fund the company’s remaining 20 percent acquisition of Enercon Technologies, Ltd., or for other acquisitions or partnership opportunities that may arise, and for general corporate purposes.
The White & Case team was led by Capital Markets partner Adam Johnson and included associate Ryan Sharpstene, with assistance from partner Scott Levi (all in New York). Law clerk Hopper Murray also assisted with the matter (also in New York).
