DAX-0,08 % EUR/USD+0,30 % Gold+0,39 % Öl (Brent)-0,20 %

Pentair Prices $400 Million Senior Notes Offering

Nachrichtenquelle: Business Wire (engl.)
12.06.2019, 23:34  |  238   |   |   

Pentair plc (NYSE: PNR) announced today that Pentair Finance S.à r.l., a wholly-owned subsidiary of Pentair plc, priced a public offering of $400 million of 4.500% senior notes due 2029. The notes will be fully and unconditionally guaranteed as to payment of principal and interest by Pentair plc and Pentair Investments Switzerland GmbH, a wholly-owned subsidiary of Pentair plc. The offering is expected to close on June 21, 2019, subject to customary closing conditions. Pentair intends to use the net proceeds of the offering to repay outstanding commercial paper issued by Pentair Finance S.à r.l. and for general corporate purposes.

J.P. Morgan Securities LLC, BofA Securities, Inc. and Citigroup Global Markets Inc. are the joint lead active book-running managers for the offering.

The offering is being made only by means of a prospectus supplement and accompanying prospectus, which are part of an effective shelf registration statement that Pentair plc, Pentair Finance S.à r.l. and Pentair Investments Switzerland GmbH filed with the Securities and Exchange Commission, copies of which may be obtained by calling J.P. Morgan Securities LLC collect at (212) 834-4533, calling BofA Securities, Inc. toll-free at (800) 294-1322 or emailing at dg.prospectus_requests@baml.com or calling Citigroup Global Markets Inc. toll-free at (800) 831-9146 or e-mailing at prospectus@citi.com. An electronic copy of the prospectus supplement and accompanying prospectus is available from the Securities and Exchange Commission’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

ABOUT PENTAIR PLC
At Pentair, we believe the health of our world depends on reliable access to clean water. We deliver a comprehensive range of smart, sustainable water solutions to homes, business and industry around the world. Our industry leading and proven portfolio of solutions enables our customers to access clean, safe water. Whether it’s improving, moving or enjoying water, we help manage the world’s most precious resource. Smart, Sustainable, Water Solutions. For Life.

Seite 1 von 3

0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Meistgelesene Nachrichten des Autors

Titel
Titel
Titel
Titel

Diskussionen zu den Werten

ZeitTitel
23.04.19