Pentair Prices $400 Million Senior Notes Offering
Pentair plc. Ordinary Share (PNR)
Last pentair plc. ordinary share earnings: 4/30 06:55 am
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US:NYSE Investor Relations:
pentair.com/en/investors/investor-presentations
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Source: Business Wire
LONDON--(BUSINESS WIRE)-- 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 prospectu
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