Itron draws $400 million under revolving line of credit

By Sarah Lizee

Olympia, Wash., March 25 – Itron, Inc. drew $400 million under the revolving line of credit within its credit facility on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

“In light of the current uncertain environment, the company deemed it prudent to increase its cash position and preserve future financial flexibility,” Itron said in the filing.

The company’s total net leverage ratio is unchanged by the drawing.

Itron is a Liberty Lake, Wash.-based technology and services company.

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