HUBBELL INC (HUBB) Form 8-K — May 15, 2026
Hubbell Incorporated has entered into a $900 million unsecured term loan agreement with a syndicate of lenders led by JPMorgan Chase to finance its pending acquisition of NSI Electrical. The loans are available in a single borrowing on the closing date of the NSI Acquisition and will mature three years after the borrowing date. The financing includes a financial covenant requiring Hubbell to maintain a total indebtedness to total capitalization ratio of no more than 65% as of each fiscal quarter-end. This move solidifies the funding structure for the NSI deal, which was previously announced in May 2026, and signals strong bank support for the transaction.
Key figures
- Debt Amount
- 900000000
- Maturity Date
- 3 years from borrowing date
- Leverage covenant max
- 65%
- Default threshold other debt
- $100 million
Price after filing
Close on the filing date to close N calendar days later (from $482.03). Historical, not a forecast.
AI analysis
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