secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0000216228-23-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/0000216228-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000021622823000045/itt-20231203.htm
  HTML page:      https://secwatch.observer/filing/0000216228-23-000045

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