Financing ·
nVent raises $800M via senior notes to help finance $1.75B acquisition of Maverick Power
NVTnVent Electric plc
On September 29, 2026, nVent Electric plc completed a public offering of $800.0 million aggregate principal amount of Hoffman Schroff Holdings, Inc.’s 6.150% Senior Notes due 2036, fully guaranteed by the parent company and nVent Finance S.à r.l. The notes bear interest payable semi-annually on March 15 and September 15, maturing September 15, 2036. Proceeds from this offering, combined with a $600.0 million term loan facility and up to $250.0 million in revolving credit draws previously arranged on September 17, 2026, will finance the acquisition of Maverick Power, LLC for approximately $1.75 billion. The transaction closes by November 20, 2026, or February 19, 2027 if extended; otherwise, mandatory redemption provisions apply. nVent Electric plc operates in the electrical equipment industry, providing solutions for protecting and connecting electrical systems.