Hubbell enters $1.0B revolving credit facility, terminates existing 2021 facility

HUBBELL INC

New $1.0B unsecured revolving credit facility matures March 25, 2030; can be increased to $1.5B.
Replaces March 2021 credit agreement; used for general corporate purposes and commercial paper backup.
Includes $50M letter of credit sublimit; foreign subsidiaries can borrow up to $100M in EUR, GBP, CAD, CHF.
Financial covenant requires total indebtedness/total capitalization ≤ 65% measured quarterly.
Interest rates based on SOFR or Alternate Base Rate plus margin depending on credit ratings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.