---
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"
generated_at: "2026-06-16T09:10:43.611982+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# nVent enters $300M term loan facility to fund ECM Industries acquisition

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-050569
- JSON: https://secwatch.observer/filing/0001104659-23-050569.json
- Plain text: https://secwatch.observer/filing/0001104659-23-050569.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $300.0 million
  - Rate: adjusted base rate or adjusted term secured overnight financing rate (SOFR) plus
  - Maturity: five years from the date the term loans are made
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1720635/000110465923050569/0001104659-23-050569-index.htm

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