Itt Inc.
ITT Inc. Completes Acquisition of kSARIA and Enters New Credit Agreement
Summary
ITT Inc. has completed the acquisition of kSARIA Parent, Inc., a leading manufacturer of mission-critical aerospace and defense connectivity solutions, on September 12, 2024. The acquisition was funded by a $460 million term loan and cash on hand. Concurrently, ITT entered into a $464 million credit agreement to finance the acquisition. The Credit Agreement contains customary financial covenants and will mature in three years.
Get alerts for ITT
Be first to know when Itt Inc. files with the SEC.
Filing Categories
Exhibits (2)
About Itt Inc.
ITT Inc. is a diversified engineering and manufacturing company that provides critical components and customized technology solutions across a variety of industries. Its primary function is to deliver essential products and services in markets such as transportation, industrial, and oil & gas. ITT's product offerings include pumps, valves, and monitoring equipment that are integral to fluid management and flow control systems, as well as shock absorbers and brake components for use in automotive and rail sectors. A notable feature of ITT is its emphasis on innovation and technology, delivering robust solutions that are highly regarded for their reliability and efficiency. Operating worldwide, ITT plays a significant role in enabling infrastructure development and maintenance, contributing to the productivity and safety of operations in numerous sectors. This company's broad portfolio and global reach make it a critical player in facilitating complex engineering and manufacturing solutions, underscoring its importance in the financial market as a stable, multifaceted entity.
Official SEC Documents