Hubbell prices $1.9 billion senior notes offering to help fund NSI acquisition
Hubbell agreed on June 2, 2026 to sell $1.9 billion of senior notes due 2031, 2033 and 2036, and the notes were issued on June 8, 2026. Hubbell expects to use the net proceeds of about $1,869.6 million, with cash on hand and other borrowings, to fund part of its previously announced acquisition of NSI Industries and to repay NSI debt. If the NSI acquisition is not completed by the deadline in the filing, Hubbell must redeem the notes at 101% of principal, so the debt is tied to that deal closing.
Key points
- $500 million of 4.650% notes due June 15, 2031; $700 million of 4.900% notes due June 15, 2033; and $700 million of 5.150% notes due June 15, 2036
- Net proceeds of approximately $1,869.6 million after underwriting discount and estimated offering expenses
- Proceeds intended to fund part of the NSI Acquisition, repay NSI Industries indebtedness and pay related fees and expenses
- If the NSI Acquisition is not consummated by the date five business days after the later of May 1, 2027 or any agreed later Outside Date, Hubbell must redeem the notes at 101% of principal plus accrued interest
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.