NVENT ELECTRIC PLC: Creation of a Direct Financial Obligation or Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
(“Hoffman”) has entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with a syndicate of banks providing for a term of five years
Senior unsecured term loan facility (the âTerm Loan Facilityâ) with a term of five years
The senior credit facilities will be guaranteed by nVent and will mature on
Senior credit facilities contain financial covenants requiring that nVent not allow (i) the ratio of its consolidated debt (net of its consolidated liquidity not subject to
Senior credit facilities contain typical events of default. If an Event of Default occurs and continues, then Lenders may terminate all covenants to extend additional credit and report all amounts outstanding under Senior Credit Facilities due and payable immediately. In addition, in the event of an event of default resulting from certain bankruptcy, insolvency or reorganization events, all amounts outstanding under the Senior Credit Facilities will automatically become due and payable immediately.
The description of the Credit Agreement set out above does not purport to be complete and is qualified by reference to the full text of the Credit Agreement filed as Exhibit 4.1 of this current report on Form 8-K and incorporated by reference to present.
ITEM 9.01 Financial statements and supporting documents.
(d) Exhibits. The exhibits listed in the Exhibit Index below are filed as part of this report. Exhibit Index Exhibit No. Description 4.1 Amended and Restated Credit Agreement, dated
September 24, 2021, among nVent Electric plc, nVent Finance S.Ã r.l., Hoffman Schroff Holdings, Inc., the other affiliate borrowers from time to time party thereto and the lenders and agents party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Â© Edgar online, source