---
schema_version: "secwatch.filing_event.v1"
accession: "0000216228-23-000045"
form_type: "8-K"
ticker: "ITT"
cik: "0000216228"
company_name: "ITT INC."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:33:21.399682+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ITT Amends Credit Agreement to Allow €300M Debt for Svanehøj Acquisition; Director Retires

## Summary
- ITT amended its credit agreement to allow Italian subsidiary ITT Italia to incur up to €300 million in unsecured debt for the pending acquisition of Svanehøj Group A/S.
- Director Richard P. Lavin retired from the board effective December 4, 2023 for personal reasons, with no disagreement with the company.
- The amendment involved lenders including Bank of America, BNP Paribas, Citibank, U.S. Bank, Wells Fargo, and others.
- Proceeds from the unsecured indebtedness may also be used for general corporate purposes beyond the Svanehøj acquisition.

## SEC filing metadata
- accession: 0000216228-23-000045
- form_type: 8-K
- ticker: ITT
- cik: 0000216228
- company_name: ITT INC.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/0000216228-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/itt-20231203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000216228-23-000045
- JSON: https://secwatch.observer/filing/0000216228-23-000045.json
- Plain text: https://secwatch.observer/filing/0000216228-23-000045.txt

## Key facts
- Debt Financings
  ITT INC. amended credit facility of up to €300.0 million with Bank of America, N.A..
  - Instrument: credit facility
  - Principal: up to €300.0 million
  - Counterparty: Bank of America, N.A.
  - Event: amendment
  source text: mpany”) entered into the Second Amendment (the “Amendment”) to the Company’s Credit Agreement, dated as of August 5, 2021 (as amended, the “Credit Agreement”), among the Company, certain subsidiaries of the Company party thereto, the lenders party thereto and Bank of America, N.A., as the administrative agent, the L/C issuer and a U.S. swingline lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/0000216228-23-000045-index.htm
- Executive change
  Richard P. Lavin retired as Director at ITT INC..
  - Action: retired
  - Role: Director
  source text: On December 3, 2023, Mr. Richard P. Lavin notified the Company of his retirement from the Board due to personal reasons, effective December 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/0000216228-23-000045-index.htm
- Material Agreements
  ITT INC. amended Second Amendment with Bank of America, N.A. valued at €300.0 million (effective 2023-12-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: €300.0 million
  - Effective: 2023-12-06
  source text: On December 6, 2023, ITT Inc. (the “Company”) entered into the Second Amendment (the “Amendment”) to the Company’s Credit Agreement, dated as of August 5, 2021 (as amended, the “Credit Agreement”), among the Company, certain subsidiaries of the Company party thereto, the lenders party thereto and Bank of America, N.A., as the administrative agent, the L/C issuer and a U.S. swingline lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/0000216228-23-000045-index.htm

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