Pentair signs USD 1.4 billion term loan facilities to fund Taco acquisition
PNR•Commitment fee and expiration
Undrawn commitments incur a 0.125% ticking fee starting Nov. 24, 2026; commitments expire no later than Dec. 31, 2026.
Borrower, guarantees and funding conditions
The borrower is Pentair Finance; guarantees are provided by Pentair and Pentair U.S.; no borrowings were outstanding as of Sept. 1, 2026.
Funding conditions include the closing of the Taco deal, no material adverse effect at Taco since July 27, 2026, and debt refinancing.
Pentair enters $1.4 billion term loan credit agreement
Pentair entered a credit agreement for $1.4 billion in senior unsecured term loans to help fund its $1.43 billion Taco acquisition.
The facilities include a $400 million tranche 1 term loan, due 18 months after the acquisition closes, plus a $1 billion tranche 2 due May 5, 2030.
