secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001171843-25-006146
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Itron enters $750M revolving credit facility maturing 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000117184325006146/0001171843-25-006146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000117184325006146/f8k_092625.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-006146

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