MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
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Entry into a Material Definitive Agreement.
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executed a First Amendment (the First Amendment) to the Term Loan
Credit Agreement (the Credit Agreement), dated as of November 25,
2014, by and among the Company, the lending institutions from
time to time party thereto as Lenders and Bank of America, N.A.,
as administrative agent. The First Amendment, among other things,
(a) refinances the existing Loans (as defined in the Credit
Agreement), (b) decreases the applicable interest rate margins
for the Loans from (i) 2.25% to 1.50%, in the case of ABR Loans
(as defined in the Credit Agreement), and (ii) 3.25% to 2.50%, in
the case of Eurodollar Loans (as defined in the Credit
Agreement), and (c) adds a soft call premium equal to 1.0% of the
principal repaid or repriced if the Loans are voluntarily
refinanced or repriced to certain refinancing transactions within
six months after the effective date of the First Amendment.
its entirety by the full text of the First Amendment filed
herewith as Exhibit 10.1 and incorporated in this Item 1.01 by
reference.
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Item 9.01.
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Financial Statements and Exhibits.
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10.1
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First Amendment to Credit Agreement, dated as of February
21, 2017, among the Company, the other Loan Parties party thereto, the Lenders party thereto, Bank of America, N.A., as Administrative Agent, and Bank of America, N.A., as Additional Lender. |
About MUELLER WATER PRODUCTS, INC. (NYSE:MWA)
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment manufactures and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering systems, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics businesses. The Company offers a range of water infrastructure, flow control and piping component system products and services in the United States and Canada. MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Recent Trading Information
MUELLER WATER PRODUCTS, INC. (NYSE:MWA) closed its last trading session up +0.12 at 12.77 with 935,507 shares trading hands.
