secwatch / observer
8-K filed October 16, 2023, 7:59 PM ET ticker ITRI CIK 0000780571
debt confidence high sentiment neutral materiality 0.60

ITRON, INC. (ITRI): debt financing — Itron amends credit facility; extends maturity to Oct 2026 with conditional early date tied to convertible notes

ITRON, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ITRON, INC. amended credit facility of $500 million with Wells Fargo Bank, National Association at SOFR plus 175 bps to SOFR plus 250 bps maturing October 18, 2026.

Instrument
credit facility
Principal
$500 million
Counterparty
Wells Fargo Bank, National Association
Rate
SOFR plus 175 bps to SOFR plus 250 bps
Maturity
October 18, 2026
Event
amendment
Exact text from the filing
fees and commissions for such transactions. The borrowing capacity under the multi-currency revolving line of credit within the Credit Agreement continues in the amount of $500 million. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 hereto and incorporated
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ITRON, INC. amended Amendment No. 7 to Credit Agreement with Wells Fargo Bank, National Association valued at extended maturity date to October 18, 2026; borrowing capacity of $500 million (effective 2023-10-13).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Value
extended maturity date to October 18, 2026; borrowing capacity of $500 million
Effective
2023-10-13
Exact text from the filing
On October 13, 2023, Itron, Inc. (Itron) entered into Amendment No. 7 to Credit Agreement (the Amendment), which amends Itron's Second Amended and Restated Credit Agreement, dated as of January 5, 2018 (as amended, the Credit Agreement), among Itron, as borrower, the lenders from time to time thereto and Wells Fargo Bank, National Association, as administrative agent (the Administrative Agent).
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10 debt financings filed in the last 30 days. Browse all debt financings →

ITRON, INC. filing history →

Source: SEC EDGAR
accession 0001157523-23-001489
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