debt
confidence high
sentiment neutral
materiality 0.30
Watts Water extends $800M revolver maturity to 2029, ups expansion option to $400M
WATTS WATER TECHNOLOGIES INC
- Maturity of $800M senior unsecured revolving credit facility extended from March 30, 2026 to July 12, 2029.
- Expansion option increased from prior amount to $400 million.
- Benchmark spread and financial covenants remain unchanged from existing agreement.
- Domestic subsidiaries reaffirmed guaranty under Third Amended and Restated Guaranty.