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KeyBank arranges financing for Bel Fuse Inc. to acquire Israeli target

November 2024

Client(s) KeyBank National Association

Jones Day represented KeyBank National Association (together with its affiliates, "KeyBank") in connection with the financing of Bel Fuse Inc.'s acquisition of an 80% stake in Enercon Technologies, Ltd., an Israeli company. KeyBank arranged a syndicate of banks to provide $150 million of new commitments under the existing credit facility and "SunGard" $90 million of existing commitments for the purpose of providing funds certainty for the acquisition.

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