---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-293504"
form_type: "8-K"
ticker: "HUBB"
cik: "0000048898"
company_name: "HUBBELL INC"
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:27:08.815033+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hubbell completes $1.1B acquisition of Systems Control; funds with $600M term loan

## Summary
- Completed acquisition of Systems Control (Northern Star Holdings) on Dec 12, 2023, for $1.1B in cash.
- Funded with $600M unsecured term loan (due Dec 2026, SOFR + margin), cash on hand, and commercial paper.
- Systems Control manufactures substation control and relay panels, critical for grid reliability.
- Acquired from Comvest Partners, a private equity firm.

## SEC filing metadata
- accession: 0001193125-23-293504
- form_type: 8-K
- ticker: HUBB
- cik: 0000048898
- company_name: HUBBELL INC
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48898/000119312523293504/0001193125-23-293504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48898/000119312523293504/d636265d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-293504
- JSON: https://secwatch.observer/filing/0001193125-23-293504.json
- Plain text: https://secwatch.observer/filing/0001193125-23-293504.txt

## Key facts
- Debt Financings
  HUBBELL INC incurred term loan of $600 million with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus an applicable margin based on Hubbell’s credit rati maturing December 8, 2026.
  - Instrument: term loan
  - Principal: $600 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: Adjusted Term SOFR Rate plus an applicable margin based on Hubbell’s credit rati
  - Maturity: December 8, 2026
  - Event: incurrence
  source text: On the Acquisition Closing Date, Hubbell borrowed $600 million under the Term Loan Agreement (the “Loans”) to pay a portion of the Purchase Price. The Loans were made in a single borrowing and will be due and payable on December 8, 2026. The Loans bear interest based on the Adjusted Term SOFR Rate (as defined in the Term Loan Agreement), plus an applicable margin based on Hubbell’s credit ratings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/48898/000119312523293504/0001193125-23-293504-index.htm
- Material Agreements
  HUBBELL INC entered into Term Loan Agreement with JPMorgan Chase Bank, N.A. valued at $600 million unsecured term loan facility (effective 2023-12-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $600 million unsecured term loan facility
  - Effective: 2023-12-08
  source text: On December 8, 2023, Hubbell, as borrower, entered into a Term Loan Agreement (the “Term Loan Agreement”) with a syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/48898/000119312523293504/0001193125-23-293504-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.