# PENTAIR plc (PNR) — capital_raise [announced]
Source: sec.gov · situation sit_480752f4dfe29748cfde · public 3159771467221426973 · retrieved 2026-09-03T11:42:26.897Z

## Overview
Pentair plc is a diversified industrial company that manufactures and sells water and fluid solutions, electrical enclosures, thermal management, and other engineered products and services.

On September 1, 2026, Pentair plc and subsidiaries Pentair Finance S.à r.l. (borrower) and Pentair, Inc. (guarantor) entered into a credit agreement providing for a $400 million senior unsecured Tranche 1 term loan facility maturing 18 months after the Specified Acquisition Consummation Date and a $1.0 billion senior unsecured Tranche 2 term loan facility maturing May 5, 2030. The $1.4 billion aggregate commitment is intended to finance a portion of the $1.425 billion purchase price for the acquisition of Taco Group Holdings (announced July 27, 2026), pay related fees and expenses, and refinance certain outstanding indebtedness of Taco. Borrowing is conditioned on closing of the Taco Acquisition substantially concurrently with funding, absence of a material adverse effect on Taco since July 27, 2026, accuracy of representations and warranties, and refinancing of certain Taco indebtedness on or prior to closing. The lenders' commitment expires on the earliest of: (i) five business days after the Outside Date, (ii) closing of the Taco Acquisition with full funding, (iii) termination of the Purchase Agreement or Pentair's obligations thereunder, (iv) December 31, 2026, or (v) Pentair Finance's election to terminate. Beginning November 24, 2026, a ticking fee of 0.125% per annum accrues on undrawn commitments.

## Terms
- Counterparty: Taco Group Holdings · Deal value: $1.40B · Consideration: cash

## Key dates
- Announced 2026-09-02 · Expiry 2026-12-31

## Timeline
- 2026-09-02 · 8-K (0001104659-26-104725): 8-K - PENTAIR plc — *Pentair plc is a diversified industrial company that manufactures and sells water and fluid solutions, electrical enclosures, thermal management, and other engineered products and services.* On September 1, 2026, Pentair plc and subsidiaries Pentair Finance S.à r.l. (borrower) and Pentair, Inc. (guarantor) entered into a credit agreement providing for a $400 million senior unsecured Tranche 1 term loan facility maturing 18 months after the Specified Acquisition Consummation Date and a $1.0 billion senior unsecured Tranche 2 term loan facility maturing May 5, 2030. The $1.4 billion aggregate commitment is intended to finance a portion of the $1.425 billion purchase price for the acquisition of Taco Group Holdings (announced July 27, 2026), pay related fees and expenses, and refinance certain outstanding indebtedness of Taco. Borrowing is conditioned on closing of the Taco Acquisition substantially concurrently with funding, absence of a material adverse effect on Taco since July 27, 2026, accuracy of representations and warranties, and refinancing of certain Taco indebtedness on or prior to closing. The lenders' commitment expires on the earliest of: (i) five business days after the Outside Date, (ii) closing of the Taco Acquisition with full funding, (iii) termination of the Purchase Agreement or Pentair's obligations thereunder, (iv) December 31, 2026, or (v) Pentair Finance's election to terminate. Beginning November 24, 2026, a ticking fee of 0.125% per annum accrues on undrawn commitments.
  https://www.sec.gov/Archives/edgar/data/77360/0001104659-26-104725.txt

## Citations
- 0001104659-26-104725 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926104725