---
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"
generated_at: "2026-06-09T17:42:45.845192+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Watts Water completes $303M acquisition of Bradley Corporation, borrows $210M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 8.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016608
- JSON: https://secwatch.observer/filing/0001558370-23-016608.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016608.txt

## Key facts
- Debt Financings
  WATTS WATER TECHNOLOGIES INC incurred revolving credit of borrowed $210 million with JPMorgan Chase Bank, N.A., as administrative agent.
  - Instrument: revolving credit
  - Principal: borrowed $210 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795403/000155837023016608/0001558370-23-016608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.