Xylem completes $1.5B senior notes offering to fund Cornell Pump and Roper Pump acquisition

Xylem Inc.

$500M of 5.250% notes due 2029, $500M of 5.450% notes due 2032 and $500M of 5.850% notes due 2037; offering closed September 29, 2026.
Net proceeds plus cash on hand will finance all or part of the purchase price for the previously announced Cornell Pump and Roper Pump acquisition.
Special mandatory redemption at 101% of principal plus accrued interest if the acquisition is not consummated by August 10, 2027 or the equity purchase agreement is terminated.
2032 and 2037 notes pay interest each January 15 and July 15 beginning January 15, 2027; 2029 notes pay March 28 and September 28 beginning March 28, 2027.
Indenture limits liens, sale-leaseback transactions and mergers; a change of control plus rating downgrades triggers a 101% repurchase offer.

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