nVent enters amended $900M senior unsecured credit facilities maturing 2026

nVent Electric plc

$300M term loan facility (delayed draw) + $600M revolving credit facility, both senior unsecured, five-year term ending Sept 24, 2026.
Outstanding borrowings of $100M on term loan and $86.3M on revolver as of Sept 24, 2021.
Leverage covenant: consolidated debt/EBITDA ≤ 3.75x (or 4.25x post-acquisition); interest coverage ≥ 3.00x.
Replaces prior 2018 credit agreement; nVent Finance may request up to $300M additional increases.

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