{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-227142","form_type":"8-K","ticker":"HUBB","cik":"0000048898","company_name":"HUBBELL INC","filed_at":"2026-05-15T21:00:16+00:00","discovered_at":"2026-05-15T21:02:00.546253+00:00","generated_at":"2026-05-15T21:04:02.045343+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hubbell signs $900M term loan agreement to finance NSI Acquisition","bullets":["Unsecured term loan of up to $900M to fund the NSI stock purchase, repay NSI debt, and pay fees.","Loan available in a single draw on NSI closing date; matures 3 years from that date.","Interest based on Term SOFR plus spread (0.50%-1.125%) or ABR plus spread (0.00%-0.125%), tied to credit ratings.","Financial covenant requires total debt to total capitalization ≤ 65% as of each fiscal quarter-end.","Closing of NSI Acquisition is a condition to borrowing; JPMorgan Chase acts as administrative agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-227142","json":"https://secwatch.observer/filing/0001193125-26-227142.json","markdown":"https://secwatch.observer/filing/0001193125-26-227142.md","text":"https://secwatch.observer/filing/0001193125-26-227142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48898/000119312526227142/0001193125-26-227142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48898/000119312526227142/d147999d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:04:02.045343+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":"123b484c38e50b9816138bd6cf079a1cd1a6a6b7","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/48898/000119312526227142/0001193125-26-227142-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$900 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"Alternate Base Rate or the Term SOFR Rate, plus an applicable interest addition"},{"label":"Maturity","value":"third anniversary of the date of such borrowing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ede1bda02290715285ce612d00fbc98f22be8a80","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48898/000119312526227142/0001193125-26-227142-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"up to $900 million"},{"label":"Effective","value":"2026-05-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}