{"schema_version":"secwatch.filing_event.v1","accession":"0001524472-23-000012","form_type":"8-K","ticker":"XYL","cik":"0001524472","company_name":"Xylem Inc.","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.383589+00:00","generated_at":"2026-06-18T15:01:37.643654+00:00","sec_items":["1.01","1.02","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Xylem upsizes revolving credit facility to $1B, appoints ABM CFO to board","bullets":["New $1B senior unsecured revolving credit facility (can increase to $1.3B) replaces prior $800M facility.","No borrowings outstanding; facility for working capital and general corporate purposes.","Board expanded to 11 directors; Earl Ellis (EVP & CFO of ABM Industries) appointed effective March 9, 2023.","Ellis brings 25 years of finance experience; will receive standard non-employee director compensation prorated."],"urls":{"canonical":"https://secwatch.observer/filing/0001524472-23-000012","json":"https://secwatch.observer/filing/0001524472-23-000012.json","markdown":"https://secwatch.observer/filing/0001524472-23-000012.md","text":"https://secwatch.observer/filing/0001524472-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/xyl-20230224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T15:01:37.643654+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f8d6a1536d1594f9d7cc7a10b01c61fd45269ed1","claim":"Xylem Inc. incurred revolving credit of $1,000,000,000 (available in U.S. dollars and in Euros) with increases of up to $300,000,000 for a maximum aggregate pri with Citibank, N.A., BNP Paribas Securities Corp., ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC at Borrowings accrue interest at a rate equal to, at the Company’s election, a base maturing Five-Year.","evidence_excerpt":"On March 1, 2023, Xylem Inc. (the “Company”), as borrower, entered into a Five-Year Revolving Credit Facility Agreement (the “2023 Credit Agreement”), a senior unsecured revolving credit facility, in an aggregate principal amount of up to $1,000,000,000 (available in U.S. dollars and in Euros), with a syndicate of lenders arranged by Citibank, N.A., BNP Paribas Securities Corp., ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, as Lead Arrangers and Joint Bookrunners, and with Citibank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A, as Syndication Agent, ING Capital LLC, as Sustainability Structuring Agent, and BNP Paribas and Wells Fargo Bank, National Association, as Documentation Agents.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1,000,000,000 (available in U.S. dollars and in Euros) with increases of up to $300,000,000 for a maximum aggregate pri"},{"label":"Counterparty","value":"Citibank, N.A., BNP Paribas Securities Corp., ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC"},{"label":"Rate","value":"Borrowings accrue interest at a rate equal to, at the Company’s election, a base"},{"label":"Maturity","value":"Five-Year"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6624d3a34f","claim":"Earl R. Ellis was appointed as Director at Xylem Inc..","evidence_excerpt":"On February 24, 2023, the Board of Directors (the “Board”) of the Company increased the size of the Board from 10 to 11 directors, and appointed Earl R. Ellis as a member of the Board to fill the vacancy, effective March 9, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"85e988a06692106054545784e12ed51d68470837","claim":"Xylem Inc. terminated 2019 Credit Agreement with Citibank, N.A. valued at $800,000,000 (effective 2023-03-01).","evidence_excerpt":"In connection with entering into the 2023 Credit Agreement, on March 1, 2023 the Company terminated the Five-Year Revolving Credit Facility Agreement, dated March 5, 2019 (the “2019 Credit Agreement”), among the Company, certain lenders and Citibank, N.A. as Administrative Agent, which provided for a senior unsecured $800,000,000 revolving credit facility.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Value","value":"$800,000,000"},{"label":"Effective","value":"2023-03-01"}],"fact_type":"material_agreement"},{"claim_id":"b9ef41757f40f98df231e497e7eec7b879b75cb3","claim":"Xylem Inc. entered into 2023 Credit Agreement with Citibank, N.A., BNP Paribas Securities Corp., ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citibank, N.A., JPMorgan Chase Bank, N.A, ING Capital LLC, BNP Paribas and Wells Fargo Bank, National Association valued at $1,000,000,000 (effective 2023-03-01).","evidence_excerpt":"On March 1, 2023, Xylem Inc. (the “Company”), as borrower, entered into a Five-Year Revolving Credit Facility Agreement (the “2023 Credit Agreement”), a senior unsecured revolving credit facility, in an aggregate principal amount of up to $1,000,000,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., BNP Paribas Securities Corp., ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citibank, N.A., JPMorgan Chase Bank, N.A, ING Capital LLC, BNP Paribas and Wells Fargo Bank, National Association"},{"label":"Value","value":"$1,000,000,000"},{"label":"Effective","value":"2023-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}