PENTAIR plc (PNR): debt financing — Pentair adds $500M term loan facility, refinances 2022 term loans

PENTAIR plc

New $500M term loan added via credit agreement amendment; existing 2022 loan prepaid and terminated.
Total revolver outstanding $628.6M; total term loan $500M as of closing.
Senior credit facilities mature May 5, 2030; term loan amortizes quarterly starting June 30, 2027.
Financial covenants: max net leverage 3.75x (or 4.25x for acquisitions), minimum EBITDA/interest 3.0x.

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 incurred term loan of $500 million at adjusted base rate, Term SOFR, EURIBOR, or, solely for swingline loans denominat maturing May 5, 2030.

Instrument: term loan
Principal: $500 million
Rate: adjusted base rate, Term SOFR, EURIBOR, or, solely for swingline loans denominat
Maturity: May 5, 2030
Event: incurrence

Exact text from the filing

The Amendment amends the Existing Credit Agreement to, among other things, add a new tranche of term loans in an aggregate initial principal amount equal to $500 million (the “Term Loan Facility”) to refinance the term loans outstanding under Pentair’s Loan Agreement, dated as of March 24, 2022 (as amended, the “Loan Agreement”), among Pentair Finance, as borrower, Pentair, as guarantor, and the lenders and agents party thereto.

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Source: SEC EDGAR

accession 0001104659-26-056228

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