---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-038083"
form_type: "8-K"
ticker: "PNR"
cik: "0000077360"
company_name: "PENTAIR plc"
filed_at: "2022-03-25T23:59:59+00:00"
generated_at: "2026-06-26T17:51:51.496650+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pentair enters $600M term loan facility to partially fund Manitowoc Ice acquisition

## Summary
- $600M senior unsecured term loan facility arranged; no loans drawn as of March 24, 2022.
- Facility matures 5 years from draw; amortization: 0% year 1, 2.5% year 2, 5% thereafter.
- Covenants: leverage < 3.75x net debt/EBITDA (4.25x for acquisitions) and interest coverage > 3.0x.
- Loans conditioned on closing of $1.6B Manitowoc Ice acquisition and other standard conditions.
- Pentair Finance is borrower; Pentair plc guarantees the facility.

## SEC filing metadata
- accession: 0001104659-22-038083
- form_type: 8-K
- ticker: PNR
- cik: 0000077360
- company_name: PENTAIR plc
- filed_at: 2022-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77360/000110465922038083/0001104659-22-038083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77360/000110465922038083/tm2210380d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-038083
- JSON: https://secwatch.observer/filing/0001104659-22-038083.json
- Plain text: https://secwatch.observer/filing/0001104659-22-038083.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.