Badger Meter signs $150M revolving credit facility, replaces $125M facility

BADGER METER INC

Five-year $150M multi-currency revolving credit facility, matures July 8, 2026.
Replaces previous $125M facility set to expire Sept 30, 2021; no amounts drawn.
Interest rates based on leverage: Adjusted LIBO/EURIBO/SONIA plus 100 bps initially.
Covenant requires Consolidated Net Debt-to-EBITDA ratio ≤ 3.00x (can rise to 3.50x for acquisitions).
Facility includes swingline sublimits, letter of credit sublimits, and expansion option.

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