nVent Electric plc (NVT): debt financing — nVent Electric enters $875M senior unsecured credit facilities, repays prior debt

nVent Electric plc

Five-year $275M term loan and $600M revolving credit facility; matures June 30, 2030.
Proceeds used to repay amounts outstanding under April 2023 and June 2024 credit agreements.
Covenants: max net leverage ratio 3.75:1 (4.25:1 post-acquisition); min interest coverage 3.00:1.
Option to increase facilities by up to $300M subject to customary conditions.
Borrowers include nVent Electric, nVent Finance S.à r.l., and Hoffman Schroff Holdings.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

nVent Electric plc incurred credit facility of $275.0 million senior unsecured term loan facility and a five-year $600.0 million senior unsecured revolving credit faci with syndicate of banks at adjusted base rate, Term SOFR, EURIBOR, SONIA, or, solely for swingline loans de maturing June 30, 2030.

Instrument: credit facility
Principal: $275.0 million senior unsecured term loan facility and a five-year $600.0 million senior unsecured revolving credit faci
Counterparty: syndicate of banks
Rate: adjusted base rate, Term SOFR, EURIBOR, SONIA, or, solely for swingline loans de
Maturity: June 30, 2030
Event: incurrence

Exact text from the filing

On June 30, 2025 (the “Effective Date”), nVent Electric plc (“nVent”) and its subsidiaries nVent Finance S.à r.l. (“nVent Finance”) and Hoffman Schroff Holdings, Inc. (“Hoffman”) entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) with a syndicate of banks providing for a five-year $275.0 million senior unsecured term loan facility (the “Term Loan Facility”) and a five-year $600.0 million senior unsecured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Credit Facilities”).

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

nVent Electric plc filing history →

Source: SEC EDGAR

accession 0001104659-25-064104

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.