The company said it entered into a Second Amended and Restated Credit Agreement on May 5, 2025, providing a 5-year, $900.0 million senior unsecured revolving credit facility. The facility matures on May 5, 2030.

1. 01

   The company said it entered into a Second Amended and Restated Credit Agreement on May 5, 2025, providing a 5-year, $900.0 million senior unsecured revolving credit facility. The facility matures on May 5, 2030.

2. 02

   Pentair said the agreement, dated December 16, 2021, amends and restates in full its existing Amended and Restated Credit Agreement. It said Pentair Finance may request to increase the revolving credit facility or add term loans of up to $450.0 million in aggregate.

3. 03

   The company said the loans outstanding under the facility were $186.4 million as of the closing date. Borrowings bear interest at an adjusted base rate, Term SOFR, or EURIBOR plus an applicable margin. It added that Pentair Finance pays a quarterly facility fee on the facility, whether used or unused.

4. 04

   The company said it must keep the ratio of consolidated net debt to EBITDA at no more than 3.75 to 1.00 (or 4.25 to 1.00 at Pentair Finance's election for certain material acquisitions), and the ratio of EBITDA to cash interest expense at no less than 3.00 to 1.00.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.