Hubbell Incorporated Prices $1.9 Billion Senior Notes Offering
Hubbell Incorporated priced a $1.9 billion senior notes offering to finance its proposed acquisition of NSI Electrical Buyer, Inc. The offering consists of three tranches: $500 million of 4.650% notes due 2031, $700 million of 4.900% notes due 2033, and $700 million of 5.150% notes due 2036. Proceeds will also be used to repay existing NSI indebtedness and pay transaction costs, with any remainder for general corporate purposes.
Key figures
- Deal Value Usd
- 1900000000
- Revenue 2025
- 5800000000
- Notes 2031 rate
- 4.650%
- Notes 2033 rate
- 4.900%
- Notes 2036 rate
- 5.150%
- Notes 2031 amount
- 500000000
- Notes 2033 amount
- 700000000
- Notes 2036 amount
- 700000000
AI analysis
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