--- 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" generated_at: "2026-06-18T15:01:37.643654+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Xylem upsizes revolving credit facility to $1B, appoints ABM CFO to board ## Summary - 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. ## SEC filing metadata - 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 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 1.02, 2.03, 5.02, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001524472-23-000012 - JSON: https://secwatch.observer/filing/0001524472-23-000012.json - Plain text: https://secwatch.observer/filing/0001524472-23-000012.txt ## Key facts - Debt Financings 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. - Instrument: revolving credit - Principal: $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 - Counterparty: Citibank, N.A., BNP Paribas Securities Corp., ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC - Rate: Borrowings accrue interest at a rate equal to, at the Company’s election, a base - Maturity: Five-Year - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm - Executive change Earl R. Ellis was appointed as Director at Xylem Inc.. - Action: appointed - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm - Material Agreements Xylem Inc. terminated 2019 Credit Agreement with Citibank, N.A. valued at $800,000,000 (effective 2023-03-01). - Action: termination - Agreement: credit facility - Counterparty: Citibank, N.A. - Value: $800,000,000 - Effective: 2023-03-01 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm - Material Agreements 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). - Action: entry - Agreement: credit facility - Counterparty: 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 - Value: $1,000,000,000 - Effective: 2023-03-01 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1524472/000152447223000012/0001524472-23-000012-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.