nVent Electric Files Financing & Prospectus Details for $1.75B Maverick Power Acquisition

Overview of Filing

On September 15, 2026, nVent Electric plc ($NVT) filed a Form 8-K under Item 8.01 (Other Events) to incorporate by reference excerpts from a preliminary prospectus supplement relating to a senior notes offering and the financing of its pending acquisition of Maverick Power, LLC.

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Key Transaction Highlights

1. Maverick Power Acquisition Details:

   • Target: Maverick Power, LLC, a manufacturer of engineered power distribution and infrastructure solutions for data centers (headquartered in McKinney, TX; ~900 employees; $527 million in LTM revenue ended June 30, 2026).
   • Purchase Price: $1.75 billion upfront cash consideration, plus potential performance-based earnout consideration of up to $550 million payable in 2027 and 2028.
   • Expected Timing: Closing expected in Q4 2026, subject to customary closing conditions and regulatory approvals.

2. Acquisition Financing Structure:

   • Senior Notes Offering: Proceeds will fund a portion of the acquisition.
   • New Term Loan Facility: Planned $600.0 million 3-year delayed draw term loan facility entered into by Hoffman Schroff Holdings, Inc., guaranteed by nVent Electric plc and nVent Finance S.à r.l.
   • Specified Revolving Facility: Planned amendment to allow up to $250.0 million in limited conditionality borrowings under the revolving facility.
   • Bridge Facility Commitment: Up to $1,500.0 million senior unsecured bridge facility, which will be reduced dollar-for-dollar by proceeds from the notes offering, term loan, and revolver draw.
   • Total New Indebtedness: Approximately $1,650.0 million of new debt expected in connection with the transaction (consolidated debt was $1,500.0 million as of June 30, 2026).