nVent Electric Announces Pricing of $800M Senior Notes Offering for Maverick Power Acquisition

Summary of Filing: Form 8-K (Item 8.01 - Other Events)

nVent Electric plc (NYSE: NVT) has announced an underwriting agreement for the public offering of $800.0 million aggregate principal amount of 6.150% Senior Notes due 2036.

---

Key Terms of the Offering

• Issuer: Hoffman Schroff Holdings, Inc. (a Delaware corporation and indirect subsidiary of nVent Electric plc).
• Guarantors: Fully and unconditionally guaranteed on a joint and several senior basis by nVent Electric plc (Parent / Ireland Guarantor) and nVent Finance S.à r.l. (Luxembourg Guarantor).
• Principal Amount: $800,000,000.
• Coupon Rate: 6.150% per annum.
• Maturity Date: 2036.
• Purchase Price: 99.265% of principal amount (plus accrued interest, if any).
• Underwriters / Representatives: BofA Securities, Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities LLC.
• Expected Closing Date: September 29, 2026.

---

Use of Proceeds & Acquisition Details

• Acquisition Target: The offering proceeds are intended to finance the proposed acquisition of Maverick Power, LLC pursuant to the Membership Interest Purchase Agreement dated August 21, 2026.
• Special Mandatory Redemption: If the Maverick Power acquisition is not consummated on or before November 20, 2026 (or an extended outside date up to February 19, 2027), or if the purchase agreement is terminated, the Issuer is required to redeem all Notes at 101% of principal amount plus accrued and unpaid interest.