nVent enters $875 million five-year senior credit facilities, repays earlier loans
On June 30, 2025, nVent Electric and subsidiaries entered a Second Amended and Restated Credit Agreement providing a five-year $275.0 million term loan and a five-year $600.0 million revolving credit facility. Proceeds repaid in full the company's April 2023 loan agreement and June 2024 term loan agreement, with remaining funds for general corporate purposes. The facilities mature June 30, 2030 and carry financial covenants on leverage and interest coverage.
Key points
- Term loan of $275.0 million and revolving credit facility of $600.0 million, both maturing June 30, 2030
- Proceeds used to repay all amounts under the April 26, 2023 Loan Agreement and June 21, 2024 Term Loan Agreement
- At closing, $275.0 million was outstanding under the term loan and $200.0 million under the revolver
- Covenants cap the debt-to-EBITDA ratio at 3.75 to 1.00 (or 4.25 to 1.00 for certain acquisitions) and require EBITDA-to-interest coverage of at least 3.00 to 1.00
The filing
Written by AI on Nov 8, 2026, 1:11 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 30, 2025.
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.