nVent Electric completes $600 million senior unsecured term loan facility for Maverick Power deal

Bitget2026/09/29 20:16

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nVent Electric completed an USD 800 million offering of Hoffman Schroff 6.150% Senior Notes due 2036, guaranteed by nVent Electric, nVent Finance.
Proceeds earmarked for the USD 1.75 billion Maverick Power acquisition, alongside a USD 600 million senior unsecured term loan facility.
Credit agreement amended to permit limited conditionality draws of up to USD 250 million under a specified revolving facility.
Notes carry a special mandatory redemption at 101% if the Maverick Power acquisition fails to close by Nov. 20, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. nVent Electric plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-111938), on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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nVent Electric completes $600 million senior unsecured term loan facility for Maverick Power deal

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