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.
“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.”
Material Agreements
HUBBELL INC entered into Agreement with NSI Electrical Buyer, Inc., NSI Buyer, LP valued at $3.0 billion in cash (effective 2026-05-01).
“☐ ITEM 1.01 Entry into a Material Definitive Agreement. On May 1, 2026, Hubbell Incorporated, a Connecticut corporation, and Hubbell Incorporated (Delaware), a Delaware corporation and wholly-owned subsidiary of Hubbell Incorporated, entered into a Stock Purchase Agreement (the “Agreement”), by and among Hubbell Incorporated (Delaware), NSI Electrical Buyer, Inc., a Delaware corporation (the “Company”), NSI Buyer, LP, a Delaware limited partnership (“Seller”), and Hubbell Incorporated, as parent guarantor (together with Hubbell Incorporated (Delaware), “Hubbell”).”
Earnings Releases
HUBBELL INC updated its the first quarter ended March 31, 2026 guidance (reaffirmed).
“On April 30, 2026, Hubbell Incorporated (the “Company”) issued a press release announcing results for the first quarter and three months ended March 31, 2026.”
Debt Financings
HUBBELL INC incurred senior notes of $400 million with holders of the Notes at 4.800% per annum maturing November 15, 2035.
“On November 14, 2025, the Company completed a public offering of $400 million aggregate principal amount of its 4.800% Senior Notes due 2035 (the “Notes”).”
Debt Financings
HUBBELL INC incurred term loan of $600 million with JPMorgan Chase Bank, N.A. (as administrative agent) and a syndicate of lenders at Term SOFR Rate plus an applicable interest addition based on Hubbell's credit ra maturing September 29, 2028.
“The Term Loan Agreement provides Hubbell with the ability to borrow up to $600 million on an unsecured basis to finance the DMC Power Acquisition, repay certain existing indebtedness of DMC Power and pay fees, costs and expenses in connection with the foregoing.”
Garrick J. Rochow was elected as independent director at HUBBELL INC.
“On November 19, 2024, the Board of Directors (the “Board”) of Hubbell Incorporated (the “Company”) elected Garrick J. Rochow as an independent director of the Company, effective as of that date (the “Effective Date”).”
Shareholder Votes
HUBBELL INC shareholders approved The ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year 2024 at the 2024-05-07 meeting.
“PROPOSAL 3 - The ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year 2024. AFFIRMATIVE VOTES NEGATIVE VOTES ABSTAINED VOTES BROKER NON-VOTES 44,498,162 4,789,132 20,859 3,383,690”
Shareholder Votes
HUBBELL INC shareholders approved Approval, by non-binding vote, of the compensation of the Company’s Named Executive Officers, as presented in the Company’s 2024 Proxy Statement at the 2024-05-07 meeting.
“PROPOSAL 2 - Approval, by non-binding vote, of the compensation of the Company’s Named Executive Officers, as presented in the Company’s 2024 Proxy Statement (“Say-on-Pay”). AFFIRMATIVE VOTES NEGATIVE VOTES ABSTAINED VOTES BROKER NON-VOTES 43,432,144 2,245,975 246,344 3,383,690”
Shareholder Votes
HUBBELL INC shareholders approved Election of directors to serve until the annual meeting of shareholders of the Company in 2025 and until their respective successors have been duly elected and qualified at the 2024-05-07 meeting.
“PROPOSAL 1 - Election of directors to serve until the annual meeting of shareholders of the Company in 2025 and until their respective successors have been duly elected and qualified: NOMINEE AFFIRMATIVE VOTES WITHHOLD VOTES BROKER NON-VOTES Gerben W.”
Earnings Releases
HUBBELL INC reported first quarter ended March 31, 2024 results: EPS Q1 diluted EPS of $2.73; adjusted diluted EPS of $3.60. Guidance reaffirmed.
“Hubbell Incorporated (the “Company”) issued a press release announcing results for the first quarter and three months ended March 31, 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.