debt
confidence high
sentiment neutral
materiality 0.50
Eaton issues $2B of 4.150% sustainability-linked notes and 4.700% notes due 2052
Eaton Corp plc
- $2.0B aggregate principal: $1.0B 4.150% sustainability-linked notes due 2033 and $1.0B 4.700% senior notes due 2052.
- Net proceeds ~$1.98B; used to redeem outstanding 2.750% notes due 2022 and 3.68% notes due 2023, plus general corporate purposes.
- Terms agreement with BofA Securities, Deutsche Bank, Loop Capital, Morgan Stanley, and Wells Fargo as underwriters. Closing expected August 23, 2022.