Hubbell secures $900M term loan to finance NSI Acquisition, adds 65% debt-to-cap covenant

Filed May 15, 2026 · Period ending May 15, 2026 · ~1 min read

Key Changes

• high

  Hubbell entered a $900 million unsecured term loan with JPMorgan Chase to fund the NSI Acquisition and refinance NSI's existing debt, representing a significant increase in leverage.

  Item 1.01 verify on EDGAR →
• high

  The loan requires Hubbell to maintain a debt-to-capitalization ratio of 65% or less each quarter, limiting future borrowing capacity and financial flexibility.

  Item 1.01 verify on EDGAR →
• medium

  The facility has a 3-year maturity with a single draw at closing, meaning Hubbell must refinance or repay $900 million by 2029.

  Item 1.01 verify on EDGAR →