Pentair signs USD 1.4 billion term loan facilities to fund Taco acquisition

Reuters2026/09/02 20:04

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Pentair entered a credit agreement for $1.4 billion in senior unsecured term loans to help fund its $1.43 billion Taco acquisition.
Facilities include a $400 million tranche 1 term loan, due 18 months after the acquisition closes, plus a $1 billion tranche 2 due May 5, 2030.
Borrower is Pentair Finance; guarantees provided by Pentair and Pentair U.S.; no borrowings were outstanding as of Sept. 1, 2026.
Funding conditions include closing of the Taco deal, no material adverse effect at Taco since July 27, 2026, debt refinancing.
Undrawn commitments incur a 0.125% ticking fee starting Nov. 24, 2026; commitments expire no later than Dec. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pentair plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-104725), on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Pentair signs USD 1.4 billion term loan facilities to fund Taco acquisition

You may also like

Crypto prices