Xylem Inc. Files Preliminary Prospectus Supplement for Multi-Tranche Senior Notes Offering

Overview

On September 15, 2026, Xylem Inc. filed a preliminary prospectus supplement (Form 424B5) under Registration No. 333-297937 for a multi-tranche offering of Senior Notes.

Key Details

• Issuer: Xylem Inc.
• Securities Offered: Three tranches of Senior Notes (maturities and coupon rates to be determined via pricing).
• Use of Proceeds: Net proceeds, together with cash on hand, are intended to fund the $1.46 billion cash acquisition of the Cornell Pump and Roper Pump businesses from Indicor, LLC, announced on August 11, 2026.
• Special Mandatory Redemption: If the acquisition is not consummated on or prior to the Special Mandatory Redemption End Date (or if the purchase agreement is terminated), the notes are redeemable at 101% of aggregate principal amount plus accrued interest.
• Credit Facilities: In connection with the transaction, Xylem established a $1.5 billion 364-day bridge facility and entered into a new $1.5 billion senior unsecured revolving credit facility on September 8, 2026.
• Bookrunners: Citigroup, ING, J.P. Morgan, BNP PARIBAS, and Wells Fargo Securities.