Xylem Inc. (XYL) Form 424B5 — Sep 15, 2026
Xylem Inc. filed a preliminary prospectus supplement for an offering of senior unsecured notes in three tranches, with principal amounts, coupons, and maturity dates still blank pending pricing. Proceeds will fund all or a portion of the approximately $1.46 billion cash acquisition of the Cornell Pump and Roper Pump businesses from Indicor, LLC, announced August 11, 2026 and expected to close in Q4 2026.
Key figures
- Debt Amount
- up to $1.5 billion (364-day senior unsecured bridge facility commitment)
- Cash Position
- $1,276 million (June 30, 2026)
- Deal Value Usd
- approximately $1.46 billion (Indicor acquisition purchase price, in cash)
- Acquisition expected close
- Q4 2026
- New revolving credit facility
- $1.5 billion (entered September 8, 2026)
- Existing unsecured senior notes
- $2.90 billion (as of June 30, 2026)
- Revolver borrowings outstanding
- $0 as of June 30, 2026
- Change of control repurchase price
- 101% of principal plus accrued interest
- Special mandatory redemption price
- 101% of principal plus accrued interest
- Special mandatory redemption end date
- later of August 10, 2027 or extended EPA termination date
- Short term borrowings current maturities
- $531 million
AI analysis
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