Watts Water extends $800 million revolving credit facility to July 2029
Watts Water Technologies entered a Third Amended and Restated Credit Agreement on July 12, 2024, extending the maturity of its $800 million senior unsecured revolving credit facility from March 30, 2026 to July 12, 2029. The expansion option was amended to $400 million, while the benchmark spread and financial covenants were not changed. For shareholders, this is a routine refinancing that pushes out the company's main credit facility maturity by about three years.
- Revolving credit facility maturity extended from March 30, 2026 to July 12, 2029
- Expansion option amended to $400 million
- Benchmark spread and financial covenants unchanged
- Domestic subsidiaries guarantee obligations under the Third Amended and Restated Guaranty dated July 12, 2024