debt
confidence high
sentiment neutral
materiality 0.60
nVent Finance issues $500M 5.650% Senior Notes due 2033, guaranteed by nVent Electric plc
nVent Electric plc
- nVent Finance S.à r.l. to sell $500 million aggregate principal of 5.650% Senior Notes due 2033 in a public offering.
- The notes are fully and unconditionally guaranteed by nVent Electric plc.
- Underwriting agreement with J.P. Morgan, BofA Securities, and Citigroup as representatives of the underwriters.
- Offering expected to close on May 3, 2023, subject to customary closing conditions.