secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2022-07-08T23:59:59+00:00
Accession:  0001104659-22-078363
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pentair issues $400M 5.9% senior notes due 2032 to fund Manitowoc Ice buy
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- $400M aggregate principal of 5.900% Senior Notes due 2032 issued by Pentair Finance, guaranteed by Pentair plc.
- Proceeds to partly finance $1.6B acquisition of Manitowoc Ice from Welbilt, along with $1.0B term loan facility.
- Notes mature July 15, 2032; interest 5.9% payable semi-annually starting Jan 15, 2023.
- Special mandatory redemption at 101% if acquisition not closed by Jan 14, 2023 (extendable to Apr 14, 2023).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000110465922078363/0001104659-22-078363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000110465922078363/tm2220547d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-078363

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