secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2026-09-02T20:01:20+00:00
Accession:  0001104659-26-104725
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000110465926104725/0001104659-26-104725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000110465926104725/tm2624576d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-104725

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