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?). 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.
Following the Effective Date, the Company will have $540.1 million of additional borrowing capacity under the revolving credit facility and $9.9 million of outstanding letters of credit.
Zurn Elkay Water Solutions Corporation specializes in water solutions for health, hydration, human safety and the environment. Its product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products and filtered drinking water products for public and private spaces. Its drinking water product line includes a collection of filtered drinking water delivery products. Its water safety and control products encompass a range of valve and water distribution control products. Its flow systems products are commonly installed within a building or on a site to manage storm water and wastewater. Its hygienic and environmental products include primarily sensor-operated flush valves, heavy-duty commercial faucets, and flush valves and faucets. Its products are marketed and sold under various brand names, including Zurn, Elkay, Wilkins, Green Turtle, World Dryer, StainlessDrains.com, JUST, Hadrian, Wade, and Halsey Taylor.
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