Hubbell Launches $1.9B Senior Notes Offering with 4.65%–5.15% Rates for NSI Acquisition
HUBB•Hubbell Incorporated priced a $1.9 billion senior notes offering of $500 million 4.65% notes due 2031, $700 million 4.90% notes due 2033 and $700 million 5.15% notes due 2036, closing June 8, 2026. Net proceeds will finance the NSI Electrical Buyer acquisition, repay NSI’s existing debt and cover transaction costs, with any excess for general corporate purposes.
1. Offering Terms and Size
Hubbell Incorporated has priced a $1.9 billion senior notes offering comprised of three tranches: $500 million of 4.65% notes due 2031, $700 million of 4.90% notes due 2033 and $700 million of 5.15% notes due 2036, with settlement expected on June 8, 2026.
2. Use of Proceeds
Net proceeds, together with cash on hand or additional borrowings, will finance the proposed acquisition of NSI Electrical Buyer, repay NSI’s outstanding debt and cover related transaction costs; any remainder will support general corporate purposes.
3. Managers and Closing Conditions
J.P. Morgan Securities, BofA Securities and HSBC Securities are acting as joint book-running managers, with the offering made under an existing shelf registration statement and subject to customary closing conditions.
4. Company Background
Hubbell reported $5.8 billion in 2025 revenues and is a leading manufacturer of utility and electrical infrastructure products serving global markets from its headquarters in Shelton, Connecticut.
