secwatch.observer — SEC 8-K summary
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Issuer:     BADGER METER INC (BMI)
CIK:        0000009092
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001564590-21-036170
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9092/000156459021036170/0001564590-21-036170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9092/000156459021036170/bmi-8k_20210708.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-036170

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