{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-226831","form_type":"8-K","ticker":"HUBB","cik":"0000048898","company_name":"HUBBELL INC","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.834232+00:00","generated_at":"2026-05-17T05:10:12.506879+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hubbell completes $825M DMC Power acquisition funded by $600M term loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-226831","json":"https://secwatch.observer/filing/0001193125-25-226831.json","markdown":"https://secwatch.observer/filing/0001193125-25-226831.md","text":"https://secwatch.observer/filing/0001193125-25-226831.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48898/000119312525226831/0001193125-25-226831-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48898/000119312525226831/d20947d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:10:12.506879+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7831d4e361662bf9ffcc70de7993a126cfd5418c","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/48898/000119312525226831/0001193125-25-226831-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as administrative agent) and a syndicate of lenders"},{"label":"Rate","value":"Term SOFR Rate plus an applicable interest addition based on Hubbell's credit ra"},{"label":"Maturity","value":"September 29, 2028"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}