{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-016608","form_type":"8-K","ticker":"WTS","cik":"0000795403","company_name":"WATTS WATER TECHNOLOGIES INC","filed_at":"2023-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.021853+00:00","generated_at":"2026-06-09T17:42:45.845192+00:00","sec_items":["2.03","8.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Watts Water completes $303M acquisition of Bradley Corporation, borrows $210M","bullets":["Acquired Bradley for $303M (subject to adjustments); net ~$268M after estimated tax benefits of ~$35M.","Funded via $210M draw on revolving credit facility plus cash on hand; total revolver usage $310M.","Bradley has annual net sales of ~$200M, specializing in commercial washroom and emergency safety products.","CEO Pagano cited 250+ years combined experience; further details on Q3 earnings call Nov 2, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-016608","json":"https://secwatch.observer/filing/0001558370-23-016608.json","markdown":"https://secwatch.observer/filing/0001558370-23-016608.md","text":"https://secwatch.observer/filing/0001558370-23-016608.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/795403/000155837023016608/0001558370-23-016608-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/795403/000155837023016608/wts-20231020x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T17:42:45.845192+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":"49e65d09a50aea214aa2e2215736e6ac8c239e88","claim":"WATTS WATER TECHNOLOGIES INC incurred revolving credit of borrowed $210 million with JPMorgan Chase Bank, N.A., as administrative agent.","evidence_excerpt":"On October 20, 2023, Watts Water Technologies, Inc. (the “Company”) borrowed $210 million under that certain Second Amended and Restated Credit Agreement by and among the Company, certain subsidiaries of the Company, the lenders and other parties from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/795403/000155837023016608/0001558370-23-016608-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"borrowed $210 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}