debt
confidence high
sentiment neutral
materiality 0.55
Hubbell issues $400M of 4.800% Senior Notes due 2035 to redeem $400M of 3.350% Notes due 2026
HUBBELL INC
- Issued $400M of 4.800% Senior Notes due 2035; net proceeds ~$392M after underwriting discount and expenses.
- Proceeds plus cash will redeem all outstanding $400M of 3.350% Senior Notes due 2026 on December 1, 2025.
- Notes mature November 15, 2035; interest payable semi-annually starting May 15, 2026.
- Underwriters: BofA Securities, HSBC Securities (USA), and J.P. Morgan Securities.
- Trustee for new notes is U.S. Bank Trust Company; replaces The Bank of New York Mellon.