---
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"
generated_at: "2026-06-01T21:56:56.427335+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric expands shelf facilities by $150M to $500M total; extends maturities to 20 years

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-24-000105
- JSON: https://secwatch.observer/filing/0000038725-24-000105.json
- Plain text: https://secwatch.observer/filing/0000038725-24-000105.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: NYL Investors LLC
  - Value: $250,000,000 from $200,000,000
  - Effective: 2024-05-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PGIM, Inc.
  - Value: $250,000,000 from $150,000,000
  - Effective: 2024-05-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.