Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On July 12, 2024, Watts Water Technologies, Inc. (the "Company") entered into a Third 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 Second Amended and Restated Credit Agreement, dated as of March 30, 2021 (as amended by that certain Amendment No. 1 dated August 2, 2022 and Amendment No. 2 dated December 12, 2023, 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.

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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 March 30, 2026 to July 12, 2029, and to amend the expansion option to $400 million. The Amended Credit Agreement does not amend the benchmark spread or financial covenants under the Existing Credit Agreement. 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.

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The Company and certain subsidiaries of the Company also entered into a Third Amended and Restated Guaranty, dated as of July 12, 2024 (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.

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