{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-050569","form_type":"8-K","ticker":"NVT","cik":"0001720635","company_name":"nVent Electric plc","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.217305+00:00","generated_at":"2026-06-16T09:10:43.611982+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"nVent enters $300M term loan facility to fund ECM Industries acquisition","bullets":["$300M senior unsecured term loan facility (5-year) entered April 26, 2023; proceeds to fund portion of $1.1B ECM Industries acquisition.","No loans outstanding yet; borrowing subject to closing of acquisition, no material adverse effect, and other conditions.","Interest at adjusted base rate or SOFR plus margin based on net leverage or public debt rating; ticking fee 0.15% p.a. on undrawn commitment.","Financial covenants: max net leverage ratio 3.75x (4.25x for certain acquisitions) and min EBITDA interest coverage 3.00x.","Loans mature 5 years from funding; amortization: 5% annual first 3 years, 7.5% thereafter; voluntary prepayment without penalty."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-050569","json":"https://secwatch.observer/filing/0001104659-23-050569.json","markdown":"https://secwatch.observer/filing/0001104659-23-050569.md","text":"https://secwatch.observer/filing/0001104659-23-050569.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1720635/000110465923050569/0001104659-23-050569-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1720635/000110465923050569/tm2312783d7_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:10:43.611982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b6884f1ec0aca112b8ae8c8c2f2a1b44e3b83221","claim":"nVent Electric plc incurred term loan of $300.0 million at adjusted base rate or adjusted term secured overnight financing rate (SOFR) plus maturing five years from the date the term loans are made.","evidence_excerpt":"On April 26, 2023, in contemplation of the acquisition of ECM Industries, nVent and its subsidiary, nVent Finance S.à r.l. (“nVent Finance”), entered into a Loan Agreement (the “Loan Agreement”), among nVent Finance, as borrower, nVent, as guarantor, and the lenders and agents party thereto, providing for a five-year $300.0 million senior unsecured term loan facility (the “Term Loan Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1720635/000110465923050569/0001104659-23-050569-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300.0 million"},{"label":"Rate","value":"adjusted base rate or adjusted term secured overnight financing rate (SOFR) plus"},{"label":"Maturity","value":"five years from the date the term loans are made"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}