nVent Electric Subsidiary Prices $800M Senior Notes Offering to Fund Maverick Power Acquisition

Offering Overview

On September 15, 2026, Hoffman Schroff Holdings, Inc., an indirect wholly owned subsidiary of nVent Electric plc (NYSE: NVT), priced a public offering of $800,000,000 aggregate principal amount of 6.150% Senior Notes due 2036.

Key Terms of the Notes

• Issuer: Hoffman Schroff Holdings, Inc.
• Guarantors: Fully, unconditionally, jointly, and severally guaranteed by nVent Electric plc and nVent Finance S.à r.l.
• Principal Amount: $800,000,000
• Coupon Rate: 6.150% per annum, payable semi-annually on March 15 and September 15 (starting March 15, 2027)
• Maturity Date: 2036
• Public Offering Price: 99.915% of principal amount ($799,320,000 gross proceeds)
• Underwriting Discount: 0.650% ($5,200,000)
• Net Proceeds: $794,120,000 (before estimated expenses)
• Settlement Date: Expected September 29, 2026 (T+10 settlement cycle)

Strategic Purpose & Acquisition of Maverick Power

The net proceeds from this offering are primarily intended to finance the previously announced acquisition of Maverick Power, LLC for an aggregate purchase price of $1.75 billion (plus potential additional contingent cash consideration up to $550 million based on 2027–2028 performance metrics), and to pay related transaction fees and expenses.

• Special Mandatory Redemption: If the Maverick Power acquisition is not consummated on or prior to the outside date (November 20, 2026, extendable up to February 19, 2027) or if the purchase agreement is terminated, the issuer will be required to redeem all outstanding notes at 101% of principal plus accrued interest.