{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-25-000117","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.968267+00:00","generated_at":"2026-05-21T00:42:16.849126+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Franklin Electric enters new $350M credit facility, matures 2030 with increased accordion","bullets":["Fifth Amended and Restated Credit Agreement extended maturity to May 14, 2030; revolving commitment stays at $350 million.","Borrowers may request up to $175M increase (total $525M), up from $125M in prior accordion.","Covenants unchanged: max leverage ratio 3.50:1, min interest coverage 3.00:1.","Subsidiaries guarantee obligations; competitive bid option and multicurrency borrowing retained.","Previous facility (Fourth Amended, 2021) replaced; JPMorgan and BofA continue as arrangers."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-25-000117","json":"https://secwatch.observer/filing/0000038725-25-000117.json","markdown":"https://secwatch.observer/filing/0000038725-25-000117.md","text":"https://secwatch.observer/filing/0000038725-25-000117.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000117/0000038725-25-000117-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000117/fele-20250514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T00:42:16.849126+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":"35a627f6e5371027157fe9841227907552ebf2f9","claim":"FRANKLIN ELECTRIC CO INC amended revolving credit of $350 million with JPMorgan Chase Bank, N.A., as administrative agent at prevailing annual interest rates subject to an applicable margin based on the le maturing May 14, 2030.","evidence_excerpt":"Agreement, as amended (which is referred to in this current report as the “Previous Credit Agreement”) to May 14, 2030 while keeping the revolving commitment amount unchanged at $350 million. The Fifth Amended and Restated Credit Agreement provides that the Borrowers may request an increase in the aggregate revolving commitments by up to $175.0 million (not to exceed","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000117/0000038725-25-000117-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$350 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"prevailing annual interest rates subject to an applicable margin based on the le"},{"label":"Maturity","value":"May 14, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}