Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

On May 11, 2022, Franklin Electric Co., Inc. (the "Company") entered into Amendment No. 1 to the Fourth Amended and Restated Credit Agreement among the Company, Franklin Electric B.V., a Netherlands private company with limited liability ("Franklin B.V", and together with the Company, collectively, the "Borrowers"), JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent, and Bank of America, N.A., as Syndication Agent, and the lenders identified therein (the "Fourth Amended and Restated Credit Agreement").

Under Amendment No. 1, among other changes, total commitments from lenders under the revolving credit facility governed by the Fourth Amended and Restated Credit Agreement was increased to $350,000,000 from $250,000,000. Amendment No. 1 also replaced the LIBOR benchmark provisions in the Fourth Amended and Restated Credit Agreement with SOFR benchmark provisions.

The Amendment No. 1 to the Fourth Amended and Restated Credit Agreement is subject to a number of conditions, and the description of the Amendment No 1. herein is qualified in its entirety and is incorporated herein by reference to Exhibit 10.1.

Item 9.01. Financial Statements and Exhibits




  (d) Exhibits:


 Exhibit Number      Description
10.1                   Amendment No. 1 dated May 11, 2022 to the Fourth Amended and
                     Restated Credit Agreement, dated May 13, 2021, by and among
                     Franklin Electric Co., Inc., Franklin Electric B.V., JPMorgan Chase
                     Bank, N.A., as Administrative Agent, Bank of America, N.A., as
                     Syndication Agent, and the lenders identified therein
101                  Cover Page Interactive Data File - the cover page XBRL tags are
                     embedded within the Inline XBRL document.
104                  The cover page from this Current Report on Form 8-K, formatted as
                     Inline XBRL

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