Zurn Elkay Water Solutions Amends Revolving Credit Facility to $550M

What Happened Zurn Elkay Water Solutions Corp. filed an 8‑K on Feb. 20, 2026 reporting that, effective Feb. 19, 2026, certain subsidiaries entered into Amendment No. 3 to their Fourth Amended and Restated First Lien Credit Agreement. The amendment refinanced outstanding revolving amounts, increases the revolving credit capacity from $200 million to $550 million, and changes certain borrowing definitions, ratios and pricing terms. JPMorgan Chase Bank, N.A. succeeded UBS AG, Stamford Branch, as administrative and collateral agent.

Key Details

• Amendment effective date: February 19, 2026; new maturity date for the revolving facility: February 19, 2031.
• Revolving credit capacity increased from $200 million to $550 million.
• Following the amendment, the company reports $540.1 million of additional borrowing capacity and $9.9 million of outstanding letters of credit.
• The amendment revises interest rate margins and commitment fees and adjusts ratios/definitions tied to the Borrowers’ net first lien leverage ratio. An executed copy is filed as Exhibit 10.1.

Why It Matters This amendment expands Zurn Elkay’s available liquidity and extends the maturity of its revolving borrowing capacity, which affects the company’s short‑to‑medium term financing flexibility. Changes to pricing and covenant metrics (ratios and definitions) can affect the cost and ability to borrow under the facility depending on the company’s leverage. Investors should note the larger credit line, the updated agent (JPMorgan), and the filed amendment for full terms if they want more detail.