Hubbell completes $825M DMC Power acquisition funded by $600M term loan

HUBBELL INC

Acquired DMC Power, a provider of connectors and tooling for utility substation and transmission markets.
Purchase price of $825M cash; financed via $600M unsecured term loan (due Sept 29, 2028) and commercial paper.
Term loan bears interest at Term SOFR plus spread based on credit ratings; covenants include max 65% debt-to-cap ratio.
DMC Power has over 350 employees, manufacturing in Carson, CA and Olive Branch, MS, and distribution across North America.
Acquisition closed October 1, 2025; previously announced on August 11, 2025.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HUBBELL INC incurred term loan of $600 million with JPMorgan Chase Bank, N.A. (as administrative agent) and a syndicate of lenders at Term SOFR Rate plus an applicable interest addition based on Hubbell's credit ra maturing September 29, 2028.

Instrument: term loan
Principal: $600 million
Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent) and a syndicate of lenders
Rate: Term SOFR Rate plus an applicable interest addition based on Hubbell's credit ra
Maturity: September 29, 2028
Event: incurrence

Exact text from the filing

The Term Loan Agreement provides Hubbell with the ability to borrow up to $600 million on an unsecured basis to finance the DMC Power Acquisition, repay certain existing indebtedness of DMC Power and pay fees, costs and expenses in connection with the foregoing.

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HUBBELL INC filing history →

Source: SEC EDGAR

accession 0001193125-25-226831

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