---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-036170"
form_type: "8-K"
ticker: "BMI"
cik: "0000009092"
company_name: "BADGER METER INC"
filed_at: "2021-07-09T23:59:59+00:00"
generated_at: "2026-06-30T06:30:02.443357+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-21-036170
- form_type: 8-K
- ticker: BMI
- cik: 0000009092
- company_name: BADGER METER INC
- filed_at: 2021-07-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9092/000156459021036170/0001564590-21-036170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9092/000156459021036170/bmi-8k_20210708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-036170
- JSON: https://secwatch.observer/filing/0001564590-21-036170.json
- Plain text: https://secwatch.observer/filing/0001564590-21-036170.txt

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