ITRON, INC. (ITRI): debt financing — 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.

item 1.01 item 2.03 item 9.01

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. incurred revolving credit of $750 million at SOFR plus 175.0 bps maturing September 25, 2030.

Instrument: revolving credit
Principal: $750 million
Rate: SOFR plus 175.0 bps
Maturity: September 25, 2030
Event: incurrence

Exact text from the filing

Company) entered into a third amended and restated credit agreement (the Credit Agreement) providing for committed credit facilities (the Credit Facilities) in the amount of $750 million. The Credit Agreement consists of a multi-currency revolving line of credit (the Revolver) in the amount of $750 million. The Revolver includes a standby letter of credit

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ITRON, INC. filing history →

Source: SEC EDGAR

accession 0001171843-25-006146

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