Itron enters $750M revolving credit facility maturing 2030

ITRON, INC.

Third amended credit agreement provides $750M multi-currency revolver, includes $300M LC and $50M swingline sub-facilities.
Revolver matures September 25, 2030; early maturity to April 15, 2030 if convertible notes not settled or extended.
Interest rate based on SOFR plus margin ranging from 125 to 175 bps depending on total net leverage ratio.
Covenant limits total net leverage ratio to 4.0x; can increase to 4.75x for four quarters following large acquisitions.

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