Hubbell Inc.
Hubbell Enters into $900 Million Term Loan Agreement for NSI Acquisition
Summary
Hubbell Incorporated has entered into a Term Loan Agreement providing up to $900 million to finance the acquisition of NSI Electrical Buyer, Inc. The loans will be available upon the closing of the acquisition and will be due three years later. The agreement includes customary covenants and representations for unsecured financings of this type.
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About Hubbell Inc.
Hubbell Inc. is a prominent manufacturer of electrical and electronic products globally. The company primarily focuses on designing, manufacturing, and selling quality electrical and utility solutions that play a crucial role in improving overall infrastructure efficiency and safety. Hubbell's extensive product range includes lighting fixtures, wiring devices, power distribution units, and other electrical components vital for residential, commercial, and industrial applications. Serving sectors like construction, energy, utility, and telecommunications, its products facilitate essential electrical and power connections and controls across various infrastructure projects. Founded in 1888, Hubbell has a rich history of innovation and adaptability, positioning itself as a significant player in enhancing operational reliability and connectivity in the markets it serves. With a commitment to meeting the evolving needs of a forward-moving society, Hubbell Inc. continues to influence the development and modernization of critical infrastructure systems around the world, underscoring its importance in the global market.
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