Pentair enters $1.1B amended credit facilities; $430M outstanding at close

PENTAIR plc

New $900M senior unsecured revolver (Dec 2026) and $200M term loan (Dec 2024).
Borrowers are Pentair Finance S.à r.l. and Pentair, Inc.; Pentair plc as guarantor.
Interest rate based on adjusted base rate/LIBOR/EURIBOR/CBR plus margin tied to leverage or credit rating.
Optional accordion feature allows up to $300M additional borrowing subject to lender commitment.
Financial covenants: max net debt/EBITDA 3.75x (4.25x post acquisition) and min interest coverage 3.00x.

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