debt
confidence high
sentiment positive
materiality 0.75
Vertiv completes $2.1B investment-grade notes offering and $2.5B revolver; repays secured debt
Vertiv Holdings Co
- Issued $2.1B of senior unsecured notes across four tranches: 4.850% (2036), 5.650% (2046), 5.800% (2056), 5.950% (2066).
- Net proceeds of $2.08B used to repay secured term loan in full; all related liens and guarantees released.
- Entered $2.5B senior unsecured revolving credit facility, replacing prior $800M ABL facility; maturity 5 years.
- Now rated Baa3 (Moody's), BBB- (S&P), BBB- (Fitch); debt is investment grade, debut offering with oversubscribed demand.
- Financing extends weighted-average maturity and provides additional liquidity to support growth strategy.
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