secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0000216228-26-000018
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT enters $2.875B credit agreement to finance SPX FLOW acquisition
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- $2.875B delayed draw term loan facility arranged with U.S. Bank National Association as administrative agent.
- Loan matures two years from first borrowing; interest rate Term SOFR + 1.00%-1.50% based on debt ratings.
- Unused commitment fee of 0.10% per annum accrues from May 3, 2026 until funding or termination.
- DDTL commitments expire September 11, 2026 if undrawn or not previously terminated.
- Covenants include max net consolidated debt to adjusted EBITDA ratio of 3.50x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000021622826000018/0000216228-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000021622826000018/itt-20260218.htm
  HTML page:      https://secwatch.observer/filing/0000216228-26-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer