Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ITT INC. incurred credit facility of $2,875,000,000 with U.S. Bank National Association at Term SOFR plus a margin ranging from 1.00% to 1.50% or alternate base rate plus maturing two years from the date of the first borrowing.
- Instrument
- credit facility
- Principal
- $2,875,000,000
- Counterparty
- U.S. Bank National Association
- Rate
- Term SOFR plus a margin ranging from 1.00% to 1.50% or alternate base rate plus
- Maturity
- two years from the date of the first borrowing
- Event
- incurrence
Exact text from the filing
(the “ Company ”) entered into a credit agreement (the “ Credit Agreement ”) among the Company, as borrower, certain of its subsidiaries, as co-borrowers, each lender from time to time party thereto, and U.S. Bank National Association, as the administrative agent, sole lead arranger and sole bookrunner.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ITT INC. entered into Credit Agreement with U.S. Bank National Association valued at $2,875,000,000 (effective 2026-02-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association
- Value
- $2,875,000,000
- Effective
- 2026-02-18
Exact text from the filing
On February 18, 2026, ITT Inc. (the “ Company ”) entered into a credit agreement (the “ Credit Agreement ”) among the Company, as borrower, certain of its subsidiaries, as co-borrowers, each lender from time to time party thereto, and U.S. Bank National Association, as the administrative agent, sole lead arranger and sole bookrunner. The Credit Agreement provides for delayed draw term loan commitments (the “ DDTL Commitments ”) in an aggregate principal amount of $2,875,000,000, which may be drawn, on up to two occasions, to finance the Company’s previously announced acquisition of SPX FLOW, Inc.
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