AI English summary of an SEC filing — figures as filed
Pentair PNRPentair said it entered into Amendment No. 1 to its Second Amended and Restated Credit Agreement on May 5, 2026, adding a new Term Loan Facility with an aggregate initial principal amount of $500 million to refinance the term loans outstanding under its Loan Agreement.
Key points
AI summaryPentair said it entered into Amendment No. 1 to its Second Amended and Restated Credit Agreement on May 5, 2026, adding a new Term Loan Facility with an aggregate initial principal amount of $500 million to refinance the term loans outstanding under its Loan Agreement.
The company said the Loan Agreement was prepaid in full and terminated concurrently with the effectiveness of the Amendment and the Term Loan Facility. As of the Closing Date, the Term Loan Facility had $500 million in principal outstanding and the Revolving Facility had $628.6 million outstanding.
The company said the Senior Credit Facilities mature on May 5, 2030, with certain exceptions. The Term Loan Facility amortizes starting June 30, 2027 in quarterly installments of $3.125 million through March 31, 2028, and $6.250 million per quarter thereafter.
The company said the financial covenants under the Senior Credit Facilities require that the ratio of consolidated debt, net of unrestricted cash above a capped amount, to EBITDA not exceed 3.75 to 1.00 (or 4.25 to 1.00 at Pentair Finance's election for 4 testing periods in connection with certain material acquisitions). It also said the ratio of EBITDA to consolidated cash interest expense must be at least 3.00 to 1.00.
Summary
AI-writtenAnalysis 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.
$500 million New Term Loan Facility Added
Pentair said it entered into Amendment No. 1 to its Second Amended and Restated Credit Agreement on May 5, 2026, adding a new Term Loan Facility with an aggregate initial principal amount of $500 million to refinance the term loans outstanding under its Loan Agreement.
Source · Based on the filing body and exhibits
Existing Loan Agreement Repaid in Full and Terminated; Outstanding Balances
The company said the Loan Agreement was prepaid in full and terminated concurrently with the effectiveness of the Amendment and the Term Loan Facility. As of the Closing Date, the Term Loan Facility had $500 million in principal outstanding and the Revolving Facility had $628.6 million outstanding.
Source · Based on the filing body and exhibits
Maturity and Quarterly Term Loan Amortization Schedule
The company said the Senior Credit Facilities mature on May 5, 2030, with certain exceptions. The Term Loan Facility amortizes starting June 30, 2027 in quarterly installments of $3.125 million through March 31, 2028, and $6.250 million per quarter thereafter.
Source · Based on the filing body and exhibits
Financial Covenant Ratio Thresholds
The company said the financial covenants under the Senior Credit Facilities require that the ratio of consolidated debt, net of unrestricted cash above a capped amount, to EBITDA not exceed 3.75 to 1.00 (or 4.25 to 1.00 at Pentair Finance's election for 4 testing periods in connection with certain material acquisitions). It also said the ratio of EBITDA to consolidated cash interest expense must be at least 3.00 to 1.00.
Source · Based on the filing body and exhibits
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.
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