nVent Electric's subsidiary, Hoffman Schroff Holdings, Inc., entered into an underwriting agreement for a public offering of $800 million in senior notes. The proceeds are intended to finance the previously announced acquisition of Maverick Power, LLC.
Key Details
- Offering Size: $800.0 million aggregate principal amount of 6.150% Senior Notes due 2036.
- Timeline: The agreement was signed on September 15, 2026, and the offering is expected to close on September 29, 2026.
- Special Redemption: The notes are subject to a special mandatory redemption at 101% of the principal amount if the acquisition of Maverick Power does not close by the outside date (November 20, 2026, with a possible extension).