{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-24-000105","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.604619+00:00","generated_at":"2026-06-01T21:56:56.427335+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Franklin Electric expands shelf facilities by $150M to $500M total; extends maturities to 20 years","bullets":["NYL facility increased to $250M (from $200M); Pru facility to $250M (from $150M). Total shelf capacity now $500M.","Max note maturity extended to 20 years; average life extended to 15 years (previously 15 and 12, respectively).","Issuance fee standardized at 0.025% of principal (was 0.10% for NYL, 0% for Pru).","Shelf issuance period extended to May 15, 2027.","Subsidiary guarantors consented to and ratified the amendments; all other terms unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-24-000105","json":"https://secwatch.observer/filing/0000038725-24-000105.json","markdown":"https://secwatch.observer/filing/0000038725-24-000105.md","text":"https://secwatch.observer/filing/0000038725-24-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/fele-20240515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T21:56:56.427335+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"286a61ee7e8a24c0c2d2da29814578cec1e9b7a7","claim":"FRANKLIN ELECTRIC CO INC amended First Amendment to the Amended and Restated Note Purchase and Private Shelf Agreement with NYL Investors LLC valued at $250,000,000 from $200,000,000 (effective 2024-05-15).","evidence_excerpt":"On May 15, 2024, Franklin Electric Co., Inc. (\"Franklin Electric\") entered into the First Amendment to the Amended and Restated Note Purchase and Private Shelf Agreement among Franklin Electric, Franklin Electric B.V., a Netherlands private company with limited liability (“Dutch Subsidiary Issuer”, and together with Franklin Electric, collectively, the “Companies” and each a \"Company\"), NYL Investors LLC (“NYL Investors”), and each of the undersigned holders of the Notes that are signatories hereto (the \"Amendment to the NYL Shelf Agreement\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"NYL Investors LLC"},{"label":"Value","value":"$250,000,000 from $200,000,000"},{"label":"Effective","value":"2024-05-15"}],"fact_type":"material_agreement"},{"claim_id":"7f0a5779c3aec31ea745c90aab0501546acac01f","claim":"FRANKLIN ELECTRIC CO INC amended First Amendment to the Fourth Amended and Restated Note Purchase and Private Shelf Agreement with PGIM, Inc. valued at $250,000,000 from $150,000,000 (effective 2024-05-15).","evidence_excerpt":"On May 15, 2024, Franklin Electric entered into the First Amendment to the Fourth Amended and Restated Note Purchase and Private Shelf Agreement among Franklin Electric, Dutch Subsidiary Issuer, PGIM, Inc. (“Prudential”), and the other holders of Notes that are signatories hereto (the \"Amendment to the Pru Shelf Agreement \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PGIM, Inc."},{"label":"Value","value":"$250,000,000 from $150,000,000"},{"label":"Effective","value":"2024-05-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}