Item 1.01 Entry into a Material Definitive Agreement.

On March 30, 2021, Watts Water Technologies, Inc. (the "Company") entered into a Second Amended and Restated Credit Agreement by and among the Company, certain subsidiaries of the Company, the lenders and other parties from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the "Amended Credit Agreement"). The Amended Credit Agreement amends and restates the prior Amended and Restated Credit Agreement, dated as of April 24, 2020 (the "Existing Credit Agreement"), by and among the Company, certain subsidiaries of the Company, the lenders and other parties from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

The Amended Credit Agreement amends the Existing Credit Agreement to extend the maturity date of the $800 million senior unsecured revolving credit facility provided under the Existing Credit Agreement from February 12, 2022 to March 30, 2026. The Company's Netherlands subsidiary, WWT International Holding B.V., has been added as a borrower under the Amended Credit Agreement in the place of Watts EMEA Holding B.V., which had been a borrower under the Existing Credit Agreement. Among other changes, the Amended Credit Agreement also increases the Company's maximum consolidated leverage ratio (including both the base ratio and the ratio permitted during temporary step-ups following certain acquisitions), adjusts certain fees to reflect market conditions and reduces the 1.00% floor on the adjusted LIBOR rate to 0.00%.

The foregoing description of the changes contained in the Amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Amended Credit Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

The Company and certain subsidiaries of the Company also entered into a Second Amended and Restated Guaranty, dated as of March 30, 2021 (the "Amended Credit Guaranty"). Pursuant to the Amended Credit Guaranty, the domestic subsidiaries have guaranteed payment of the obligations of the Company and the foreign designated borrowers under the Amended Credit Agreement. The foregoing description of the Amended Credit Guaranty does not purport to be complete and is qualified in its entirety by reference to the Amended Credit Guaranty filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibit





Exhibit Number                                Description

10.1                Second Amended and Restated Credit Agreement, dated as of March
                  30, 2021, by and among Watts Water Technologies, Inc., the
                  Subsidiary Borrowers, the Lenders party thereto, JP Morgan Chase
                  Bank, N.A., as Administrative Agent, Bank of America N.A., Keybank
                  National Association, Wells Fargo Bank, National Association, and
                  T.D. Bank, N.A., as Co-Syndication Agents, and PNC Bank, National
                  Association, U.S. Bank National Association, HSBC Bank USA,
                  National Association and HSBC Bank Canada, as Co-Documentation
                  Agents.
10.2                Second Amended and Restated Guaranty, dated as of March 30, 2021,
                  by Watts Water Technologies, Inc. and its subsidiaries set forth
                  therein, in favor of JPMorgan Chase Bank, N.A. and the other
                  lenders referred to therein.
104               Cover Page Interactive Data File (embedded within the Inline XBRL
                  document)

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