---
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"
generated_at: "2026-05-21T00:42:16.849126+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric enters new $350M credit facility, matures 2030 with increased accordion

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-25-000117
- JSON: https://secwatch.observer/filing/0000038725-25-000117.json
- Plain text: https://secwatch.observer/filing/0000038725-25-000117.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $350 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: prevailing annual interest rates subject to an applicable margin based on the le
  - Maturity: May 14, 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872525000117/0000038725-25-000117-index.htm

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