Item 1.01. Entry into a Material Definitive Agreement.
On October 4, 2012, certain of Rexnord Corporation's subsidiaries, Chase Acquisition I, Inc., RBS Global, Inc. and Rexnord LLC, entered into an Incremental Assumption Agreement (the "Incremental Assumption Agreement") with Credit Suisse AG, as administrative agent and refinancing term lender, relating to the Second Amended and Restated Credit Agreement dated as of March 15, 2012 (the "Second Restated Credit Agreement"), among Chase Acquisition I, Inc., RBS Global, Inc. and Rexnord LLC, the lenders from time to time party thereto and Credit Suisse AG, as administrative agent.

The Incremental Assumption Agreement modifies certain terms of the term loan facility under the Second Restated Credit Agreement. It reduces the interest rates applicable to borrowings under such facility by fifty (50) basis points per annum, effectively resulting in a current interest rate of 4.50%, determined as the LIBO rate (subject to a 1.00% floor) plus 3.50%. It also resets a 1.00% penalty on certain prepayments occurring on or prior to April 4, 2013. Other material terms of the Second Restated Credit Agreement remain unchanged.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Incremental Assumption Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

Exhibit No. Description Filed Herewith Incremental Assumption Agreement dated as of October 4, 2012, relating to the Second Amended and Restated 10.1 Credit Agreement dated as of March 15, 2012, among X Chase Acquisition I, Inc., RBS Global, Inc., Rexnord LLC, the lenders party thereto from time to time and Credit Suisse AG, as administrative agent.

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