debt
confidence high
sentiment neutral
materiality 0.60
Eaton issues €500M 3.625% notes due 2035 and $500M 4.450% notes due 2030
Eaton Corp plc
- Eaton Capital closed sale of €500M 3.625% senior notes due 2035 and $500M 4.450% senior notes due 2030.
- Net proceeds: ~€493.6M (Euro notes) and ~$494.3M (US notes), after underwriting discount and expenses.
- Proceeds to be used for general corporate purposes, including repayment of commercial paper and other debt.
- Notes are unsecured, unsubordinated obligations guaranteed by Eaton and certain subsidiaries.
- Interest on Euro notes payable annually; US notes semi-annually; both issued under indenture dated May 9, 2025.