Vertiv prices USD 850 mln worth of notes

Friday 15 October 2021 | 15:03 CET | News
Vertiv has priced USD 850 million worth of senior secured notes due 2028, in a private placement at par. The notes will bear interest of 4.125 percent per year and mature on 15 Novermber 2028. The money raised will be used, with cash on hand, to finance the cash portion of the company's pending acquisition of E&I Engineering Ireland and its affiliate, Powerbar Gulf (E&I). The offering is expected to close on 22 October.

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Categories: Fixed
Companies: Vertiv
Countries: Ireland / World
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