secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001157523-23-001489
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Itron amends credit facility; extends maturity to Oct 2026 with conditional early date tied to convertible notes
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- Maturity extended to Oct 18, 2026; if convertible notes outstanding on Dec 14, 2025, accelerates to Dec 14, 2025 unless liquidity covers notes.
- Interest rate grid revised: SOFR + 175-250 bps and commitment fee 25-40 bps based on Total Net Leverage Ratio.
- Borrowing capacity remains $500 million multi-currency revolving line of credit.
- Amendment includes assignment of lender commitments, removal of Silicon Valley Bank as issuing lender, and consent fees for consenting/new lenders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752323001489/0001157523-23-001489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752323001489/a53608845.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001489

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