debt
confidence high
sentiment neutral
materiality 0.25
nVent amends credit agreement and indenture to add Hoffman Schroff as primary borrower and guarantor
nVent Electric plc
- Hoffman Schroff Holdings becomes primary borrower under $875M credit facility, cross-guarantees with nVent Finance.
- Hoffman also guarantees nVent Finance's outstanding 4.550% 2028, 2.750% 2031, and 5.650% 2033 senior notes.
- Amendment and Sixth Supplemental Indenture executed Feb 16, 2026; no change to principal, rates, or maturity.
- nVent Electric plc continues to guarantee all obligations under both agreements.