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 $900 million with JPMorgan Chase Bank, N.A. at Alternate Base Rate or the Term SOFR Rate, plus an applicable interest addition maturing third anniversary of the date of such borrowing.
- Instrument
- term loan
- Principal
- $900 million
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- Alternate Base Rate or the Term SOFR Rate, plus an applicable interest addition
- Maturity
- third anniversary of the date of such borrowing
- Event
- incurrence
Exact text from the filing
On May 15, 2026, Hubbell, as borrower, entered into a Term Loan Agreement (the “Term Loan Agreement”) with a syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent. The Term Loan Agreement provides Hubbell with the ability to borrow up to $900 million on an unsecured basis to finance the NSI Acquisition, repay certain existing indebtedness of NSI and pay fees, costs and expenses in connection with the foregoing.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
HUBBELL INC entered into Term Loan Agreement with a syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent valued at up to $900 million (effective 2026-05-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- a syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent
- Value
- up to $900 million
- Effective
- 2026-05-15
Exact text from the filing
On May 15, 2026, Hubbell, as borrower, entered into a Term Loan Agreement (the “Term Loan Agreement”) with a syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent.
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