nVent issues $300M 2.75% notes due 2031 to refinance 3.95% notes due 2023

nVent Electric plc

Completed $300M offering of 2.750% Senior Notes due 2031, guaranteed by nVent Electric plc.
Net proceeds to fund redemption of all $300M 3.950% Senior Notes due 2023 and for general corporate purposes.
Notes mature Nov 15, 2031; interest payable semi-annually starting May 15, 2022.
Interest rate subject to adjustment based on certain rating events.
Callable at make-whole price prior to Aug 15, 2031, then at par thereafter.

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