debt
confidence high
sentiment neutral
materiality 0.50
Hubbell prices $400M 4.800% senior notes due 2035; proceeds to redeem 2026 notes
HUBBELL INC
- Offered $400M aggregate principal of 4.800% Senior Notes due 2035; expected close Nov 14, 2025.
- Net proceeds plus cash on hand will redeem all $400M of outstanding 3.350% Senior Notes due March 1, 2026.
- Refinancing extends debt maturity from 2026 to 2035 at a higher 4.80% coupon.
- BofA Securities, HSBC, and J.P. Morgan acted as joint book-running managers.