debt
confidence high
sentiment neutral
materiality 0.50
Eaton Corp subsidiary closes $500M 4.350% senior notes due 2028
Eaton Corp plc
- Eaton (subsidiary) sold $500M principal of 4.350% senior notes maturing May 18, 2028.
- Net proceeds of approximately $496.12M after underwriting discount and expenses.
- Proceeds will be used for general corporate purposes.
- Notes are unsecured, unsubordinated, and guaranteed by Eaton plc and certain subsidiaries.
- Interest payable semi-annually on May 18 and November 18, starting November 18, 2023.