Milestone deal includes favorable credit terms linked to sustainability performance and rating
RYE BROOK, N.Y., March 14, 2019 /3BL Media/ – Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, has announced execution of its new $800 million Senior Unsecured Revolving Credit Facility. With this transaction, Xylem has replaced its five-year $600 million revolving credit facility, while adding a sustainability-linked pricing mechanism to the new facility.
This past summer, the Water Well Trust partnered with Xylem Watermark to launch its largest project to date outside of Ashville in Holly Ridge, NC. The small town of 24 households relied on 3 deteriorating wells as its water source and did not have access to clean water. Xylem Watermark worked with local distributors, and together they assessed the site and installed 3 new well houses, which provided all 24 households access to clean, safe water.
Xylem employees from the America’s Commercial Team assembled and sponsored 275 water filters in partnership with Wine To Water at their annual sales meeting. Each filter provides one household, or 6-10 people, clean water for 10 years, so this initiative will help 275 families gain access to clean water.
In alignment with its commitment to solving global water issues, Xylem has responded to several natural disasters that occurred in 2018. The most recent disaster that prompted Xylem employees to act was Hurricane Florence, which caused devastation in North and South Carolina. In preparation of the storm, the local Xylem Commercial Team deployed dewatering pumps and equipment to its customers to help them withstand the weather and protect critical infrastructure to mitigate the negative impacts of the storm.
On January 3, 2019, Xylem employee volunteers in Pune and Thane completed the installation of ten AquaHomes into households in the villages of Mugoan and Masaad, India. The volunteers spent four days installing the AquaHomes, which provide the households with solar power and clean water for the first time. Prior to this project, the families were using kerosene lamps as their only source of light in their homes. Additionally, the families collected water from contaminated wells in the community, causing many illnesses and diseases among villagers.
Xylem is proud to announce that its employees volunteered over 10,000 hours across the globe during Xylem Watermark’s Annual October Global Month of Service. Through water source clean-ups, restoration projects, educational water monitoring activities, beach and park clean-ups, community building initiatives, and more, Xylem employee volunteers displayed their true commitment to addressing the global water crisis and protecting safe water resources for communities around the world.
Last Saturday, Xylem employees concluded a year-long project with a local nonprofit in Pinson, AL, where they built and installed 18 benches and created an outdoor classroom for students to learn and engage with nature. The organization—Turkey Creek Nature Preserve—provides educational programming for thousands of students each year. The programs focus on science, history, and social sciences that meet STEM and the Alabama State Department of Education College and Career-Ready Standards.
Xylem colleagues toured one of YES Prep Schools facilities in Houston, TX last week in celebration of the completion of a new school building. Xylem Watermark donated to YES Prep to support building classrooms in response to the devastation from Hurricane Harvey in 2017. Xylem also participated in water monitoring educational events at the time, adding to its efforts to solve water and educate youth about water issues. YES Prep School is committed to providing students in underserved communities access to superior educational opportunities, and Xylem is proud to support this effort.
Xylem employees in Germany have been active during Xylem Watermark’s October Month of Service and have engaged children in their volunteer efforts. Last week, the Ludwigsburg site participated in a creative event, where they built a beautiful wooden shed at a youth farm for local children. Their neighbors at the Langenhagen site supported the Friends Children Forest in Hannover by planting trees and restoring a stream. Both the Ludswigburg and Langenhagen teams are showing how their volunteer efforts are improving their communities during Xylem’s Global Month of Service!