Zurn Elkay amends credit agreement to raise revolving facility to $550 million

Reuters
Feb 21
Zurn Elkay amends credit agreement to raise revolving facility to $550 million

Zurn Elkay Water Solutions Corp. said its subsidiaries entered into Amendment No. 3 to its first lien credit agreement, refinancing amounts outstanding under the existing revolving facility and expanding total revolving credit capacity to $550 million from $200 million. The amended revolver matures Feb. 19, 2031, and the company said it had $540.1 million of additional borrowing capacity after the effective date, along with $9.9 million of outstanding letters of credit. JPMorgan Chase Bank, N.A. became successor administrative and collateral agent, replacing UBS AG, Stamford Branch.

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