PENTAIR plc (PNR): debt financing — Pentair enters $900M senior unsecured revolving credit facility maturing 2030

PENTAIR plc

Five-year $900M senior unsecured revolving credit facility executed May 5, 2025.
Borrowers: Pentair Finance S.à r.l. and Pentair, Inc.; guaranteed by Pentair plc.
Outstanding loans at closing: $186.4M; facility replaces prior 2021 credit agreement.
Financial covenants: max leverage 3.75x (4.25x post-material acquisition), min interest coverage 3.00x.
Maturity date: May 5, 2030; optional increase up to $450M available.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PENTAIR plc amended revolving credit of $900.0 million at adjusted base rate, Term SOFR, EURIBOR, or ESTR plus an applicable margin maturing May 5, 2030.

Instrument: revolving credit
Principal: $900.0 million
Rate: adjusted base rate, Term SOFR, EURIBOR, or ESTR plus an applicable margin
Maturity: May 5, 2030
Event: amendment

Exact text from the filing

On May 5, 2025 (the “Closing Date”), Pentair plc (“Pentair”) and its subsidiaries Pentair Finance S.à r.l. (“Pentair Finance”) and Pentair, Inc. (“Pentair U.S.”) entered into a Second Amended and Restated Credit Agreement (the “Agreement”), among Pentair Finance and Pentair U.S., as borrowers, Pentair, as guarantor, and the lenders and agents party thereto, providing for a five-year $900.0 million senior unsecured revolving credit facility

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Source: SEC EDGAR

accession 0001104659-25-044512

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