Pentair plc entered into an amendment to its credit agreement on May 5, 2026, adding a $500 million term loan facility to refinance prior loans, resulting in $500 million term loans and $628.6 million revolving loans outstanding.
Key takeaways
Added $500 million Term Loan Facility under amended Second Amended and Restated Credit Agreement.
Refinanced and terminated prior Loan Agreement dated March 24, 2022.
Total term loans outstanding: $500 million; revolving loans: $628.6 million as of Closing Date.
Senior Credit Facilities mature May 5, 2030, with Term Loan amortization starting June 30, 2027.
Financial covenants: max net debt/EBITDA 3.75x (or 4.25x post-acquisition), min EBITDA/interest expense 3.00x.
Voluntary prepayments allowed without penalty; customary events of default apply.