Pentair signs $1.4B term loan facilities to fund Taco acquisition

PENTAIR plc

$1.4B term loans ($400M + $1.0B) signed to fund part of $1.425B Taco Group purchase.
Loans undrawn at Sept 1, 2026; proceeds pay purchase price, fees, and refinance Taco debt.
Tranche 2 matures May 5, 2030; tranche 1 matures 18 months after closing; ticking fee 0.125% from Nov 24, 2026.
Interest at adjusted base rate or Term SOFR plus margin; leverage covenant max 3.75x (optional 4.25x), interest coverage min 3.0x.

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