Form 8-K · Current report
Pentair 8-K, filed Sep 2, 2026
- Filed
- CIK
- 0000077360
- Accession no.
- 0001104659-26-104725
Summary
Pentair plc entered into a credit agreement on September 1, 2026, providing $400.0 million and $1.0 billion senior unsecured term loan facilities, and intends to borrow the full $1.4 billion to fund part of its planned $1.425 billion acquisition of Taco Group Holdings and refinance Taco debt. The Taco acquisition was announced under a July 27, 2026 definitive agreement and remains subject to closing conditions.
Key points
- Pentair agreed on July 27, 2026 to acquire Taco Group Holdings for $1.425 billion, subject to customary adjustments.
- The credit agreement provides a $400.0 million tranche 1 term loan facility and a $1.0 billion tranche 2 term loan facility.
- No loans were outstanding under the term loan facilities as of September 1, 2026.
- Pentair Finance will pay lenders a 0.125% per annum ticking fee on undrawn term loan commitments beginning November 24, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant As previously announced, on July 27, 2026, Pentair plc (“Pentair”) entered into a definitive agreement (the “Purchase Agreement”) to acquire the issued and outstanding equity securities of Taco Group Holdings (“Taco”), for a purchase price of $1.425 billion, subject to customary adjustments contemplated by the Purchase Agreement (the “Taco Acquisition”). On September 1, 2026, in contemplation of the Taco Acquisition, Pentair and its subsidiaries Pentair Finance S.à r.l. (“Pentair Finance”) and Pentair, Inc. …
An excerpt of the text as filed with the SEC, cut for length.
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