ESAB Corp (ESAB): debt financing — ESAB issues $1B in 5.625% senior notes due 2031 to fund Eddyfi Technologies acquisition

ESAB Corp

Issued $1,000 million principal of 5.625% senior notes due 2031; interest semi-annual starting Oct 1, 2026.
Proceeds with equity and revolver borrowings to fund $1.45B acquisition of Eddyfi Technologies.
Notes subject to special mandatory redemption at 100% if Eddyfi acquisition not consummated.
Redemption at company option with make-whole prior to April 1, 2028; after that at specified prices.
Change of control put at 101%; covenants restrict debt incurrence, liens, asset sales.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ESAB Corp incurred senior notes of $1,000 million with U.S. Bank Trust Company, National Association at 5.625% maturing April 1, 2031.

Instrument: senior notes
Principal: $1,000 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.625%
Maturity: April 1, 2031
Event: incurrence

Exact text from the filing

On March 26, 2026, ESAB Corporation, a Delaware corporation (the “Company”), issued $1,000 million in aggregate principal amount of 5.625% senior notes due 2031 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

ESAB Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,000 million 5.625% senior notes due 2031 (effective 2026-03-26).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $1,000 million 5.625% senior notes due 2031
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026, ESAB Corporation, a Delaware corporation (the “Company”), issued $1,000 million in aggregate principal amount of 5.625% senior notes due 2031 (the “Notes”). The Notes were issued pursuant to an indenture, dated as of March 26, 2026 (the “Indenture”), by and among the Company, the Guarantors (as defined below) and U.S. Bank Trust Company, National Association (the “Trustee”).

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ESAB Corp filing history →

Source: SEC EDGAR

accession 0001213900-26-034739

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