secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001104659-21-151404
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000110465921151404/0001104659-21-151404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000110465921151404/tm2135751d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-151404

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer