Zurn Elkay Water Solutions Corp (ZWS): debt financing — Zurn Elkay upsizes revolving credit facility from $200M to $550M, extends maturity to 2031

The Amendment refinances the existing revolving facility amounts outstanding under the Credit Agreement as of the Effective Date and increases the capacity of the revolving credit facility under the Credit Agreement from $200 million to $550 million, available to be drawn from time to time in the forms and amounts, and subject to the limits, set forth in the Credit Agreement, as amended by the Amendment. The Amendment also modifies certain ratios and definitions applicable to capacity increases and borrowing abilities and revises the applicable interest rate margins and commitment fees based on the Borrowers’ net first lien leverage ratio. The maturity date for the new revolving credit facility is February 19, 2031.

On February 19, 2026 (the "Effective Date"), Zurn Elkay Water Solutions Corporation's (the "Company") subsidiaries ZBS Global, Inc., Zurn Holdings, Inc., Zurn LLC, and EMC Water LLC, as Borrowers (collectively, the "Borrowers"), the other loan parties thereto, the lenders from time to time party thereto, and UBS AG, Stamford Branch, as former administrative agent and former collateral agent, and JPMorgan Chase Bank, N.A., as successor administrative agent and successor collateral agent, entered into Amendment No. 3 (the "Amendment") to the Fourth Amended and Restated First Lien Credit Agreement, dated as of October 4, 2021 (the "Credit Agreement").